If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
You state: "I presume this cost has in the past been expensed through either expenses or capital spend."
The loan was interest-free. Therefore, there was no expense. I am not sure what you mean by capital spend?
Also I have extensive trade losses (from the same trade) from previous years which would be offset against this new operating income (written off loan) reducing the tax liability to zero. I hope this is OK?
Thank you very much -- all clear. Could I just ask for clarification on one point: You state that I could attach a note as a PDF file to the computations. But how? At what point? Where does CT600 allow me to attach a note? Is there some button on the last page which I can click to attach a note before submitting my CT600?
Ned, thank you for your reply.There is a provision to do so right at the end before your sign the declaration and submit the return. You may not wish to do so in case inclusion of the note invites questions from the tax man.I hope this is helpful.
If you are happy and there are no more issues I will appreciate if you would kindly rate the service I provided to ensure I get credited for it.