Company A loaning Company B money

jacksn · 2019-07-29 22:46:03

Hi folks, Very general question. Company A with 2 directors loans Company B with 2 different directors €1,000 There is no association or relationships between the 2 companies or the directors. Company A doesn’t want it repaid for 5 years and is not charging any interest. What, if any..are the tax implications of this…

29-07-2019 11:46PM

#1

jacksn

Registered Users, Registered Users 2 Posts: 118 ✭✭

Join Date: April 2015

Posts: 98

Hi folks,

Very general question.

Company A with 2 directors loans Company B with 2 different directors €1,000

There is no association or relationships between the 2 companies or the directors.

Company A doesn’t want it repaid for 5 years and is not charging any interest.

What, if any..are the tax implications of this arrangement?

Thanks in advance

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#2 30-07-2019 12:03AM

pedroeibar1

Closed Accounts Posts: 5,105 ✭✭✭

Join Date: January 2010

Posts: 4973

jacksn wrote: »

What, if any..are the tax implications of this arrangement?

Thanks in advance

Tax is only one of the issues that need to be considered. Talk to your accountant, bring your memo & arts and your latest financials.

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