you cannot write off any company for tax loss purposes, if that is what you mean, until the receivers/liquidators/administrators issue a Tax Declaration stating that in their view there is likely to be no return to shareholders.... I've been involved with such a situation twice in my investment life, both for very small companies.....
the last one took 12 years before that Tax Declaration was issued...... good luck with ABS, it'll take a lifetime.....
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Ron Miller, Non-Executive Director
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