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Can I offset Acquired Accumulated Losses against a forecast CT Liability?

Can I offset Acquired Accumulated Losses...

I have a client who will soon crystalise a circa £100k CT liability and is looking legal alternatives.

One proposal has been to acquire a loss laden company to offset. I'm unsure whether this is even feasible or where to research this etc

Any guidance on matters to consider would be gratefully received as would any thoughts on minimisation

Thanks in advance

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By pawncob
26th Oct 2012 12:53

When I was young

I thought they closed this loophole 40 years ago.

 

Losses cannot be utilised where there is a change of ownership.

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By ahmad
31st Oct 2012 21:47

Carry forward loss after change in ownership

There are so many cases and legislations allow a company to carry forward its b/f losses after change in ownership. I think you are talking about non-uk country.

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