QCBs and non-QCBs

QCBs and non-QCBs

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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)?

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By gbuckell
27th Aug 2015 12:28

Correct

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