Writing off inter-company loans

[The Spartan]

Interested in this. I loaned money from my company to a SPV that I setup to buy a BTL property. I was under the impression that if I close my ltd company there would be no tax implications.

Provided that the parties are connected and the loan was legitimate, you should be able to write it off as it's tax neutral. However check with your accountant and see if you can speak to someone senior, apparently it's not a common scenario and catches out a lot of accountants. Additionally I'm not sure if the timing of the loans also play a factor.

Initially I received bad advice, which I'm not too pleased about which may effect my decision on what I do next. Again try and speak to someone with a bit more experience.