CT relief on intercompany bad debt

CT relief on intercompany bad debt

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I understand that from 2010 an intercompany loan write-off is not brought into account for CT relief purposes as either a debit or credit.

I have a holding company that has suffered a £70k bad debt from its subsidiary, which relates to goods sold and services provided. I would presume as this is a trading write-off then the bad debt is an allowable deduction?

Does anyone have any info or an opinion on this?

Thanks

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