Manni is the sole shareholder of his private company and instead of paying himself a wage for his work in the company, Manni has decided to take out a loan from the company for $100,000. If his private company had a distributable surplus of $200,000, how would this loan to Manni be treated under tax legislation?

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The Answer of Manni is the sole shareholder of his private company and instead of paying himself a wage for his work in the company, Manni has decided to take out a loan from the company for $100,000. If his private company had a distributable surplus of $200,000, how would this loan to Manni be treated under tax legislation?

Manni Is the Sole Shareholder of His Private Company and Instead