UK Director's loan when a company ceases trading

Joined
Sep 3, 2017
Messages
1
Reaction score
0
Country
United Kingdom
I have a sole trader business and also am a director in a small limited company. I have a director's loan with the company that owes me £20,000. If the limited company ceases trading and after sale of all assets I am repaid say £5,000 and therefore still owed £15,000 and this will have to be written off, can I put this loss against my self assessment income?
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,662
Messages
27,630
Members
21,463
Latest member
TonyL

Latest Threads

Top