Policy paper

Corporation Tax: loans to participators, trustees of charitable trusts

This legislation is about loans or advances made to participators on or after 25 November 2015.

Documents

Draft clause

Draft explanatory notes

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This affects some close companies (broadly companies controlled by 5 or fewer participators) which are part of an ownership structure which includes companies, trustees and a charity and which make loans or advances to their participators (broadly their shareholders).

Published 25 November 2015