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Notes Online Home 2014 Practice One-Offs Commercial debt forgiveness
In this chapter of the notes we offer the latest updates to commercial debt forgiveness. In particular, the following broad topics:
- Flowchart of Divisions 245
- What a debt is
- What a commercial debt is
- When a debt is forgiven
- Forgiveness to which the CDF rules do not apply
- Calculation of the net forgiven amount
- Application of the ‘total net forgiven amount’
- Consequences for the creditor when a debt is forgiven