How to treat a company loan written off in company tax computation

A Ltd Company made a loan of 30k to a new start up Ltd company back in 2007.

Eventually the new venture company failed still owing the 30k.

The lending company has now sold its freehold factory and there is a gain arising of 50k subject to CT.Can the loss on the irrecoverable loan now be offset against the gain on the factory.?


Thanks for any help


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corp tax

Fidodido |

Non trading

cde123 |

Loan relationships v Loans to traders

Steve Kesby |
Steve Kesby's picture