Client sells his company and gets cash and redeemable loan notes. He wants to bank ER so makes a S169R election.
5 years later if the loan notes are eventually sold for less than originally factored for, I realise you can't amend the original CGT calc but can you claim a CGT loss in the year the loan notes are sold. I assume so but just need to check?
Thanks
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May be
Are the loan notes qualifying corporate bonds? If so then no loss relief is available.