I understand that in a paper-for-paper exchange non-QCBs are often preferred over QCBs since there can be no loss relief for the latter should the debt go bad. Normally, no such problem arises with a non-QCB because the gain simply never materialises. However, if an election is made under s169Q, immediately bringing in a 'non-QCB' charge, I assume that any subsequent loss would allowed (though only against gains in the same or later years)?
26th Aug 2015
1
QCBs and non-QCBs
QCBs and non-QCBs