While every attempt will be made to ensure that information provided is accurate at the time of publication, it should be treated as guidance only and does not constitute legal or professional advice. Tax law and guidance changes frequently and readers are advised to consult the current relevant publication for the most up-to-date information on this topic.

Tolley's Tax Planning for Owner-managed Businesses enables readers to give real-life solutions and guidance on problems faced in every stage of the life-cycle of an owner-managed business. All the key issues are covered in a clear and precise manner, including interaction of different taxes and the Finance Act 2014, to ensure there is a thorough analysis of planning opportunities in each transaction or event. This extract covers Close Companies and is taken from the 'Loans to Participators' chapter of this title.

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