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are small loans taxable?

26/01/2018 12:55:28
I borrowed 2k: is it taxable?
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are small loans taxable?

26/01/2018 13:40:24
Hi

It depends on the circumstances. If this is to add cash flow to your business this would need to be declared - we would require more information from you in order to advise you further.
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are small loans taxable?

26/01/2018 14:29:22
I got a loan of 2k to start a company as a sole trader, which I think I was before then anyway, it was from business finance solutions to get me off the dole, but I didn't make any profits - not one client.
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are small loans taxable?

26/01/2018 14:51:00
I was signing on at the time - on the new enterprise allowance scheme.

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