Capital gains rules for companies
Draft guidance has been published on HMRC’s website to accompany the draft legislation following HMRC’s simplification review re the capital gains rules for groups of companies.
The guidance relates to the following:
- Capital losses following a change in ownership
- Value shifting rules
- Degrouping charges
The guidance is available in a draft manual format as it is intended that the final guidance will be published within the Capital Gains Manual at the end of the consultation period.
Interested parties are invited to send comments on the draft guidance to the Related Companies Simplification Review Team by 22 February 2011.