The following Corporation Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
This guidance note summaries anti-avoidance rules that prevent a company from buying another company in order to use its capital losses. The rules, which were amended by Finance Act 2011, are summarised below.
Pre-entry losses (defined further below) can only be set against gains on assets:
held at the time the company joined the group
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