Income Tax charge triggered by director’s loan release
In Douglas Boulton v HMRC [2026] TC09846, the First Tier Tribunal (FTT) found that a director’s settlement agreement with the liquidator of his company resulted in his director’s loan account being released or written off, giving rise to an Income Tax charge. Mr Boulton was the sole director and shareholder of Sameday Express UK Ltd (SEUK…

