Originally posted by Delendog
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I have a telephone consult booked with WTT next week and am waiting for a call back from Phil’s company. Apparently the rate of interest is higher than if it was a benefit in kind loan (not sure I’ve understood this correctly)
I do have that evidence I made x3 payments of interest. Should I just send this evidence to HMRC, along with the loan agreement ? That way, they can decide if I owe them tax?
Or is that a really naive thing to do?
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