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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Debts: losses on loans to traders

TCGA92/S253

Losses on debts which are not debts on a security will not be allowable losses in the hands of the original creditor. However, there are special rules which deem allowable losses to arise in certain circumstances where loans to traders have become irrecoverable. Further advice is given at CG65900+.