Director's loan accounts on sold company - how to treat

UK Discussion in 'Businesses / Corporations' started by Tax_knowhow, Oct 2, 2015.

  1. Tax_knowhow

    Tax_knowhow

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    I have just sold my company, and the accounts to the date of acquisition are now being finalised.

    The main problem I have at the moment is that there is a balance on the directors' loan accounts. What happens to these balances in the final Accounts? Are they removed by book entry?

    Any help greatly appreciated
     
    Tax_knowhow, Oct 2, 2015
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  2. Tax_knowhow

    Tyson

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    I think you should talk to your CPA about this.
     
    Tyson, Oct 5, 2015
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