Hi,
When an intercompany loan is written off due to the borrowing company being deregistered, should the lending company pay tax on this as its a gain? Surely it should not as bad debt is a liability.
Thanks,
Hi,
When an intercompany loan is written off due to the borrowing company being deregistered, should the lending company pay tax on this as its a gain? Surely it should not as bad debt is a liability.
Thanks,
Did you like this article? Share it with your favourite social network.