Actually,this bit,
(viii) The interest element was designed to be rolled up indefinitely, to remain as a ‘paper’ debt and to augment the overall indebtedness of the employees’ estates, thereby conferring a bigger reduction against inheritance tax.”
sounds to the layman (me) the sort of perfectly "legal' thing that tax dodgers get up to.
Time will tell. Still 'cheating' from astrictly football point of view.
Hey! Strictly football? Good tv series of a bunch of B celebs getting their legs kicked every week.