Interest free company loans - BIK rates

CIO · 11 Aug 2009

Anyone know what the rate is, I can't see it on the Revenue site?

Towger · 11 Aug 2009

CIO · 11 Aug 2009

Towger said:
13%

Thanks.

And what about loans to non-employee shareholders? Is it the same?

KDA man · 12 Aug 2009

You need to be careful. A loan to a director cannot exceed 10% of the balance sheet value!

Tony

www.kdaaccountants.ie

Nige · 13 Aug 2009

Towger said:
13%

CIO · 13 Aug 2009

KDA man said:
You need to be careful. A loan to a director cannot exceed 10% of the balance sheet value!

Tony

www.kdaaccountants.ie

Interesting.

Is that to both executive and non-exec directors?

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