Overdrawn DLA

Moobag

I have a client who has an overrawn directors loan account of £2.2k, where does this need to be shown on his Tax return???

Any help greatly appreciated.

Monsoon

On his personal return? No.

Might have to be shown on the CT600 if it was outstanding more than 9 months after the year end.

Moobag

Thanks, I didn't think it was shown on personal tax return but someone told me it did been looking today and couldn't find it!

I wonder if they ment P11d?

Bluewednesday

The only thing I can think is that it would be beneficial loan interest on the p11d but as it's not over £5k (assuming that it hasn't been at any time during the year) that wouldn't apply