Business Advice Directory

More than 12,000 ready-to-use business solutions.
Advice added on 10.02.2021
Print this advice


Company closure - dealing with an overdrawn loan account

One of our subscribers has decided to close a subsidiary of her main company. Her loan account with the subsidiary company is in the red by nearly £20,000. If the subsidiary is wound up, what tax liabilities might this trigger?


[?] Forgotten your Username/Password?


Access to this part of
Tips & Advice Business Database is only available to subscribers.

Don't have a subscription?
Subscribe now for immediate access to all the features.


© Indicator - FL Memo Ltd • Telephone: ((01233) 653500 • Fax: (01233) 647100 • •
Calgarth House, 39-41 Bank Street, Ashford, Kent TN23 1DQ • Registered in England • Company Registration No. 3599719