I have the following query in regards to the tax treatment of interest:

Hypothetically speaking, if I started a company but could not obtain a bond in the companies name to purchase a property. If I obtain the bond in my personal capacity to fund buy the property in the companies name creating a loan account owing to me in the company, so not to be out of pocket the company will pay me the interest on the loan account which equals the amount of interest I am charged on the bond.

Now the question is the interest earned from the business is that taxable?

I feel this is not as the bond was specifically obtained to fund the purchase of the building, thus there must be some sort of exemption that I can play the interest paid on the bond against the interest earned from the company(loan account created due to using the bond the purchase the property in the companies name).

Please can anyone assist in this regard.