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hello everyone todays video is all about the writing off of a directors loan account so first of all what is a loan account and secondly why would you choose to write it off so a loan account directors loan account is basically um the balance that a director has with his or her company think about it like their own personal bank account with their own company and they have deposits and they have withdrawals now when they are in credit um there is no tax issues so being in credit means that the company owes the director some money and the director can pull that out as and when theyre like tax-free the issues arise when its the other way around and we say that the directors loan account becomes overdrawn and that means that the director has pulled out more money than uh the company owes it so in other words the director owes the company now from a tax perspective the issue with that is if you go overdrawn on your directors loan account hmrc say oh well okay if you could afford to