Tier 1 Entrepreneur Extension Director Loan

Only if you joined/taken over a business. Read the guide

Hi Zimba88

Pardon me if I have missed repsonse on these question on previous threads.

I have few questions related to Directors loan. I came to UK in 2014 and made first investment in 2015 October and completed investment in March 2017.

1. Does the Director loan agreement have to be on legal paper ?
2. DOes it have to be attested from solicitor or can simply be on one plain paper with only one sign of myself. ?
3. What date do i need to have on the agreement ?
4. The director loan amount reflects against my name in accounts so thats not a problem. However please guide me what amount do I have to write on agreement ? Does it have to match the amount on accounts ?
5. If that date on agreement has to be when I made the first transfer, how is it possible to write before hand that I am loaning out 229,000 amount of money and that matches the accounts as well......you know what i mean ?

alijafri wrote:Hi Zimba88

Pardon me if I have missed repsonse on these question on previous threads.

I have few questions related to Directors loan. I came to UK in 2014 and made first investment in 2015 October and completed investment in March 2017.

1. Does the Director loan agreement have to be on legal paper ?
2. DOes it have to be attested from solicitor or can simply be on one plain paper with only one sign of myself. ?
3. What date do i need to have on the agreement ?
4. The director loan amount reflects against my name in accounts so thats not a problem. However please guide me what amount do I have to write on agreement ? Does it have to match the amount on accounts ?
5. If that date on agreement has to be when I made the first transfer, how is it possible to write before hand that I am loaning out 229,000 amount of money and that matches the accounts as well......you know what i mean ?

Please continue in your own topic you already have instead of tagging onto a thread that is almost a year old.