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Accountancy
Tax Efficient Borrowing. Another Great Tip From
If you need to borrow money from a bank or other lender, it is more tax efficient to secure the loan on a business asset, and treat the loan as a business loan. This way the loan is a business expense and taxed as such. However if you secure the loan on a personal asset, you will have to pay a higher rate of tax. So if you own a business, and you’re looking for accountants Richmond, why not get in touch and we’ll arrange a free, one hour no obligation consultation to discuss all of your accounting and financial planning needs.
Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.
Key Considerations
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📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
Need help with accounting and tax?
Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.
Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.