This screen is accessed via the data input tab from within the tax return. Where a loan or advance, made by a close company to a participator or associate, is wholly or partly written off or released, the amount written off or released, plus an amount of tax treated as paid, becomes taxable. For further information refer to https://www.gov.uk
Close company loans written off or released
- ‘Source’ Enter a brief description of the loan written off or released
- ‘Amount’ Enter the amount of the loan released or written off.
To delete a line from the grid, click the ‘trash can’ button at the end of the line.