Transferee company leaving group on or after 16 March 2005

Where a loan relationship is transferred between companies in a group, the operation of the group continuity rules means that the value at which the transferee is treated, for tax purposes, as having acquired the asset or liability is not necessarily the same as the accounts value.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.