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Loans

Shareholder guarantees private company loan - deductible or capital loss? (LMS_CO_007)


Description
After completing this course (watching this video, and reading the accompanying material) you will be able to:

1. Identify the correct tax treatment of the various transactions involved in a director of a private company providing a personal guarantee on a bank loan taken out by the company
2. Apply the correct tax treatment to a guarantee fee paid to the director of the company
3. Determine whether or not, in the circumstances, a debt is a personal use asset

CPD Time: 30

Content
  • Video - Shareholder guarantees private company loan - deductible or capital loss
  • Materials - Shareholder guarantees private co. loan-deductible or capital loss?
  • Test - Shareholder guarantees private company loan - deductible or capital loss?
Completion rules
  • All units must be completed
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