SearchCarrying foward losses
Zoe asks:
(updated on Friday, January 05th 2018)
We have an investment company that is making a profit. We want to purchase another farm company which has carried forward losses. Is it possible that we use the farm company's losses to offset the investment company's profit if we purchase the farm company?
Our Experts Answer:
No. Company losses can only be carried forward if shareholder continuity of at least 49% is maintained.
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