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Tag: Business Tax, Private Client Tax and Trusts, Business News

Writing Off a Loan to Your Own Company Can Have Tricky Tax Implications

Writing Off a Loan to Your Own Company Can Have Tricky Tax Implications

Many entrepreneurs treat their companies as their babies, lending them their private money and, if necessary, writing off such debts when times are hard. In a case of interest to the business community, a tribunal has analysed the effect of such arrangements in Capital Gains