Winding up a company when it is owed money by asssociated company

Winding up a company when it is owed money by...

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A&B are two associated companys

A owes B £100k which is a balance built up over time from payments made by one company on behalf of the other.

B is to be wound up and will not be repaid the money since A would have to realise property to do so.

B has no other assets or liabilities

What are the tax implications for both companys if the loan was written off?

Thank you for any help given
david

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By AnonymousUser
21st Mar 2007 04:03

Suspects here to analyse
I like analyse like this - Director B company got owe a lot money Director A company or not?

That is why such prosperous idea writing off loan Company B give Company A so no need Director A company give to Director B company owing that way.

Suspicious theory, analysing all the way.

Also, got resolution write off loan also got or not? If no, very suspicious. What a prosperous idea writing loan off like that. Where learn such write off the loan theory? Very great possible to investigate company like that too that is in my mind I think of right now already.

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