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Company A lending company B

Buttercake · 2020-06-11 18:23:51

Hi folks, Fairly straightforward question, hoping the answer is the same! Person is a Director of Company A and Company B, can that person transfer €1 from A to B and then B transfer it back to A at a later date? TIA

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11-06-2020 7:23pm

#1

Buttercake

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Join Date: February 2010

Posts: 479

Hi folks,

Fairly straightforward question, hoping the answer is the same!

Person is a Director of Company A and Company B, can that person transfer €1 from A to B and then B transfer it back to A at a later date?

TIA

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#2 15-06-2020 4:42am
Gloomtastic!

Registered Users Posts: 8,479 ✭✭✭

Join Date: January 2010

Posts: 8185

In short, yes. But get professional advice to ensure everything is documented correctly.

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