Sheltering capital gains

Sheltering capital gains

Didn't find your answer?

Company A is planning sale of asset at substantial gain. It has a 100% sub B, acquired at high base cost, but with low asset cost. It has been suggested that B could hive-up its trade and assets, thus allowing A to utilise the high base cost to shelter the gain. How is this achieved, especially if the substantial shareholding exemption applies?
David Lochhead

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.