Directors loan and failed Company

Directors loan and failed Company

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.... Is there any relief for the director in the form of a CGT loss?

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ABC

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By jford
12th Oct 2006 20:43

A different approach...
You can get CGT relief against other income if you write off the value of the shares. See IR286. It maybe that you could look to treat some of the directors loan as a share issue if this could be justified by the underlying facts.

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