Subsidiary loan write off | AccountingWEB

Subsidiary loan write off

If a company had a 100% subsidiary which has now ceased trading due to losses, owing the holding company £140k, is there any relief available to the Holding company for the write off of the loan? The loan built up over the period of a year and was largely to fund set up and day to day operating costs.

Any assistance with this would be appreciated.


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Generally no relief for release of connected party debts

afairpo |
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