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Forums › ACCA Forums › General ACCA Forums › P6 Taxation – Close Companies – Loans to participators- Forgiven
Can anyone exlapin to me how this is treated from the company’s and individual’s point of view?
i have looks through taxation books for examples but the ex’s given aren’t fully explained.
i am sitting adv. tax (irish) in dec 2010 and dont fully understand the above concept (yet).
Please comment.
