Capital loss on company liquidation

A 100% shareholder had a directors loan account in credit when his company went into liquidation.  He now wants to claim a capital loss but I believe any such loss can only be relieved against gains from the same related party ....i.e. never! Is this right?

Also, when would the loss be crystallised?

Any help would be much appreciated.

Liz Stonebridge
No Data
Reply Children
No Data