Jenny Doak, senior associate at Freshfields Bruckhaus Deringer LLP, considers the provisions in Finance Act 2009, Sch 12 which extend the ability of groups to reallocate capital losses and gains
Jenny Doak senior associate at Freshfields Bruckhaus Deringer LLP considers the provisions in Finance Act 2009 Sch 12 which extend the ability of groups to reallocate capital losses and gains
The ability of corporate groups to use capital losses has been brought increasingly into focus by the recent economic downturn. Until this year's Finance Act TCGA 1992 s 171A (referred to in this article as 'old s 171A') provided some flexibility for groups to utilise capital losses of one company against gains made by other companies in the group but this was limited in some situations. The 'support...
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Jenny Doak, senior associate at Freshfields Bruckhaus Deringer LLP, considers the provisions in Finance Act 2009, Sch 12 which extend the ability of groups to reallocate capital losses and gains
Jenny Doak senior associate at Freshfields Bruckhaus Deringer LLP considers the provisions in Finance Act 2009 Sch 12 which extend the ability of groups to reallocate capital losses and gains
The ability of corporate groups to use capital losses has been brought increasingly into focus by the recent economic downturn. Until this year's Finance Act TCGA 1992 s 171A (referred to in this article as 'old s 171A') provided some flexibility for groups to utilise capital losses of one company against gains made by other companies in the group but this was limited in some situations. The 'support...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
