My client has a group of 3 trading companies. He wants to carry out a demerger, to facilitate disposal in due course. Two of the 3 companies have carry-forward tax losses. Is there any way of preserving each company's loss for offset against that company's future profits? At presnt, the ultimate owners of each company are my client and his wife. They will be the owners of each company for at least 2 years following the demerger.
Daron Gunson
9th Jul 2006
0
Demergers and loss relief
Demergers and loss relief