Tax implications of granting interest-free loans between members of a group

When related parties (e.g. members of a group) transact with one another, the price they set for such transactions is known as a transfer price. Such transactions usually include the transfer of funds or extension of loans within a group of companies, sale and purchase of goods and services, transferring assets, tangibles and intangibles etc.[…]

FAQ – Promissory note, IOU and private loan

TABLE OF CONTENTS TABLE OF CONTENTS Definitions 1. What is a promissory note? 2. What is an IOU? 3. What is the difference between a Promissory Note and an IOU note? 4. What types of promissory notes are there? For who? 5. Who is the Borrower in a promissory note? 6. Who is the Lender[…]