IHTM18271 - Unlisted shares: loans and other debts due to/from the company

Sums due from unlisted companies

Show the amount as stated in the account on the Val70 ( IHTM18151)

Shares and Assets Valuation will consider whether their information supports the amount shown, or they will ask the taxpayer for further evidence.

  • They will advise you of the agreed amount on Val50 ( IHTM18261).
(This text has been withheld because of exemptions in the Freedom of Information Act 2000)

Sums owed to unlisted companies

You are responsible for allowing or disallowing the relevant deduction(s).

Seek advice from SAV on form Val70 , or by a separate memo.

If possible, provide them with an explanation of the debt and say what information would be helpful to you.

(This text has been withheld because of exemptions in the Freedom of Information Act 2000)

Investigation

  • Consider investigation issues ( IHTM18041).