Director Loan
Repayments of a loan to the company
If a shareholder or director has previously loaned money to the company, the company can make repayments to the shareholder or director.
– The company cannot claim a deduction for any repayments it makes but may be able to claim a deduction for any interest payments it makes.
– You do not have to declare the repayments but must declare any interest you receive from the company as assessable income.
Need more help?
+61 2 8011 4699
Thank you