Inter company loan write off before company sale

I understand that where a loan between a holding company and a subsidiary is written off the credit will not be taxable in the company which had the creditor and the charge will not be tax deductible in the company with the debtor.

If the subsidiary is sold after the write off but in the same accounting period will this still be the case?

Any advice would be appreciated, thanks.

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Yes - but

kenmoody |
kenmoody's picture

Thanks

cawas |