Back to all articles
The tax authorities have until now refused to recognise the total write-off of private loan receivables as losses under income from capital assets (Einkünfte aus Kapitalvermögen). The Federal Fiscal Court (BFH) has now corrected this position (judgment of 24 October 2017, Case No. VIII R 13/15): the losses are to be recognised for tax purposes and may be offset against other income from capital assets.