Tim Jarvis (Squire Patton Boggs) considers the proposals designed to align the rules on corporate capital losses with those on income losses.
Budget 2018 announced a consultation on the corporate capital loss restriction (CCLR). The consultation opened on 29 October 2018 and it is scheduled to close on 25 January 2019 (see bit.ly/2Ogq9b5). The consultation’s purpose is to assist in the design of legislation which will take effect from 1 April 2020.
Thumbnail sketch of the CCLR
The CCLR can be regarded as an addendum or a follow-on to the corporate income loss restriction (CILR) which was introduced with effect from 1 April 2017. To understand the CCLR it is first necessary to explain what the CILR did and did not do.
The CILR is a hybrid beast: it is simultaneously a liberalising and a restricting measure. The CILR is a liberalising measure because post-1 April...
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Tim Jarvis (Squire Patton Boggs) considers the proposals designed to align the rules on corporate capital losses with those on income losses.
Budget 2018 announced a consultation on the corporate capital loss restriction (CCLR). The consultation opened on 29 October 2018 and it is scheduled to close on 25 January 2019 (see bit.ly/2Ogq9b5). The consultation’s purpose is to assist in the design of legislation which will take effect from 1 April 2020.
Thumbnail sketch of the CCLR
The CCLR can be regarded as an addendum or a follow-on to the corporate income loss restriction (CILR) which was introduced with effect from 1 April 2017. To understand the CCLR it is first necessary to explain what the CILR did and did not do.
The CILR is a hybrid beast: it is simultaneously a liberalising and a restricting measure. The CILR is a liberalising measure because post-1 April...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
