Commentary

D8.391 Corporate venturing scheme—calculating the allowable loss

Corporate tax
Corporate tax | Commentary

D8.391 Corporate venturing scheme—calculating the allowable loss

Corporate tax | Commentary

D8.391 Corporate venturing scheme—calculating the allowable loss

The amount of loss that would otherwise be allowable on a disposal by the investing company of shares that qualified for investment relief is restricted by the amount of investment relief that was attributable to those shares. This restriction is effected by reducing the acquisition cost by the amount of investment relief when calculating the allowable loss that would result on the investing company's first disposal of relevant shares where the investment relief is not withdrawn in full as a result of the sale. This reduction can reduce an allowable loss to nil,

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial