CTM61625 - Close companies: loans to participators: repayment of -permanent notes

So that CTM61605 onwards may be applied when the loan or advance is repaid, or released or written off, you should keep a permanent record of loans or advances in respect of which an assessment under ICTA88/S419 is made. This should show:

• the date the loan or advance was made,
• to whom the loan or advance was made,
• the amount of the loan or advance, and
• the amount assessed.