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https://www.stepchange.org/debt-info/debt-collection/can-debts-be-sold-on.aspxIf a companies pig

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eddy2   Sunday, 08/26/18 11:03:09 PM
Re: None
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If a companies piggy backed credit falls into the rears they the corporation that is piggy backed can sell there debt. This piggy backed credit will show up as a loss and partial tax gain.

The collateral is the credit pre taxed. If the credit is sold at a loss it shows up in the financials as a sharehlolders deficit. The money paid for the credit showes up as a tax credit for the money lost as well the tax on the credit sold as a net revenue.

If the debt holder had paid the creditors then only money on profit is taxed.

So selling the credit to a third party automatically sets up a tax credit for the full amount offered by the third party purchaser of the credit.

You cannot defer the tax’s as in the case of a direct payment from the debtor.

The reason for this is that there must be a way to separate the third party expenses.

Banks do this all time. It’s called accurred accounting. Accounting that shows all relative losses as they are presented.

Do your own DD. Don’t take anyone’s word not even ours.

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