05.04.2016 Loan and accumulated interest separate debts The Supreme Tax Court has held that a refusal to recognise a related party loan write-off, does not preclude the tax office from treating the write-off of the accumulated interest as a further hidden distribution. Categories: Supreme Tax Court casesKeywords: write-off, accumulated interest, debt
13.08.2014 Write-off of worthless loan to employer as expense of earnin ... The Supreme Tax Court has held that an employee can write off a bond issued by his now insolvent employer as an expense of earning income if he accepted the bond as the only possible remuneration for work down. Categories: Supreme Tax Court casesKeywords: write-off, bond, profit-related interest
05.07.2012 Full income tax deduction for shareholder loan write-off The Supreme Tax Court has held that the write-off of a shareholder loan held as a business asset is fully deductible by the income taxpaying holder even if the loan is to be seen as a substitute for share capital Categories: Supreme Tax Court casesKeywords: shareholder loan, write-off
