Live consultations Capital gains rules for groups of companies
A July 2009 discussion document set out options for simplifying the rules relating to capital losses after a change in ownership value shifting and depreciatory transactions and degrouping charges. This consultation document published 22 February puts forward detailed proposals and draft legislation in these three areas as announced at PBR 2009.
'In addition to aiming to simplify legislation the Government has also made clear from the outset of the related companies simplification review that it regards the matching of tax outcomes with economic outcomes for groups of companies as another goal ' the Treasury said. See the accompanying article on p 6.
Live consultations Capital gains rules for groups of companies
A July 2009 discussion document set out options for simplifying the rules relating to capital losses after a change in ownership value shifting and depreciatory transactions and degrouping charges. This consultation document published 22 February puts forward detailed proposals and draft legislation in these three areas as announced at PBR 2009.
'In addition to aiming to simplify legislation the Government has also made clear from the outset of the related companies simplification review that it regards the matching of tax outcomes with economic outcomes for groups of companies as another goal ' the Treasury said. See the accompanying article on p 6.
