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Reference
PUB00415
Open Date
28 Jun 2022
Closing Date
09 Aug 2022
Status
Consultation closed

Can a close company deduct interest on a shareholder advance where the amount is not known until after balance date?

This question we’ve been asked sets out when a close company can deduct interest payable on a shareholder advance in its tax return where the exact amount is not known until after balance date (usually 31 March).