Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hi. My name is*****'m looking at your question now and will post my answer or ask for more information here in a short while.
I'm afraid you cannot claim tax relief for investing in your own company.
If you borrow money personally and lend it to your company you can claim tax relief against your income for the interest.
If you rent a property to your parents at a less than commercial rent then any loss can only be offset against a future profit from the letting of the same property to your parents.
I hope this clarifies matters but let me know if you have any further questions.