Does a loan by a shareholder to a company always result in a capital loss if forgiven?

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 · Accepted Answer

Bruce4Tax · Answer

No. https://www.ato.gov.au/forms-and-instructions/company-tax-return-2023-instructions/appendixes/appendix-5-commercial-debt-forgiveness?anchor=Appendix5Commercialdebtforgiveness Best to get proper advice relevant to your circumstances from a local tax agent.

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