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Posted Fri, 15 Apr 2022 09:04:10 GMT by Ayaz Ahmed
Hi If the company has Loan Receivable and it becomes unrecoverable. Now can we treat is as allowable expense for tax computation in company taxes? Any HMRC guidance on it
Posted Thu, 19 May 2022 13:37:45 GMT by HMRC Admin 2
Hi,

You can find guidance on the release or writing-off of a loan or advance to a participator here:

CTM61655 - Close companies: loans to participators: release or writing-off of loan or advance

Thank you.

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