Good day,
I need help with the following:
A company owes the shareholder an anount of xxxx (yes, this was a loan to the company and NOT part of the shareholders contribution to the company)
Now, the company owns a property and would like to find out find out if the shareholders loan can be "settled" / "off-set" by transering the property to the shareholder and write off the loan
Please note, loan amount is more that the value of the property. My thought was to "revalue" property to the same value as loan and do transfer
Please help
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