A short guide to: S.455 CTA 2010 and directors’ loan accounts

Directors’ loan accounts are a common feature in many small and medium-sized businesses, allowing company directors to borrow money from their companies. However, these transactions come with significant tax implications under S.455 of the Corporation Tax Act 2010 (CTA 2010).

This short guide provides a concise overview of the key rules, tax charges, and compliance strategies surrounding S.455 CTA 2010, helping directors navigate their financial obligations while avoiding the potential pitfalls.

What you need to know

Please click here to read our guide.

How we can help

If you wish to discuss your options, please contact one of our senior tax team colleagues.