Company A and Company B are related parties.
Company A is to be wound up. B takes on all of A's assets and liabilities so at cessation A only has one item left in the balance sheet which is an inter-company creditor with A for £20k.
B will also be eligible to receive A's losses (£28k), available to carry forward against profits of that same trade. However, my question is whether the losses are restricted by the inter-company loan as a relevant liabilty.
I have read conflicting advice on this and would appreciate some guidance on this matter.
Thanks