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IR4 Question 39 Shareholder details—see also the IR4S

Complete Question 39 if shareholders, directors and relatives of shareholders received remuneration or a loan. Remuneration is liable for ACC levies.

Shareholders’ salaries

Write all remuneration with no PAYE deducted that the company paid to that person in Box 39B.

For the company to claim a deduction for shareholder remuneration it must be paid either:

  • during the income year, or

  • within the time allowed for the company to file its return.

If the remuneration isn’t paid in time, the deduction can’t be claimed until the following year.

Loss offsets and subvention payments

Record details of any losses claimed or transferred from or to each group member at Box 39E.

Record details of any subvention payments claimed or transferred from or to each group member at Box 39F.

The total of Boxes 39E must be recorded at Box 27. The total of Boxes 39F must be recorded at Box 27A.

Current account balance

If the shareholder’s current account balance has been overdrawn, (that is, the shareholder owes the company money) then it is a debit balance.

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