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| Author: | Rayney, P. |
| Title: | Pre-entry loss regime explained |
| Journal: | Accountancy
1994 : SEP, VOL. 114:1213, p. 82-83 |
| Index terms: | ACCOUNTING TAXATION LOSS |
| Language: | eng |
| Abstract: | Members of a group can surrender trading losses to each other, but they cannot transfer capital losses. Consequently, the general strategy is to marshal all capital gains and capital losses within one company, normally known as the group "capital loss" company. This involves routing through it the disposal of the group's assets. Assets can be transferred to the capital loss company at their indexed base cost. Groups must keep careful track of asset movements to ensure capital gains and losses are fully relieved. |
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