I have a simple ltd co structure whereby a shareholder loan has funded the purchase of shares in another company shown as an investment in the accounts. No bank account.
The company is now closing, the shares were sold creating a £7k gain. All entries via shareholder loan account
Is corporation tax chargeable on this gain/profit?
I also have £5k of losses brought forward from pre 2017 and these are shown as trading losses so i dont believe i can offset.
Any help would be appreciated, this is the first holding company i have looked at, so, learning.