TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Capital Gains for Group Companies- Simplifying Legislation

HMRC has issued a consultation document regarding the legislation which is proposed to simplify the rules applying to capital gains for group companies.

As part of its Pre-Budget Report the Government announced plans to introduce changes to legislation which would simplify rules regarding the use of capital losses after a change in ownership, value shifting and depreciatory transactions, and degrouping charges.

Taxpayers and practitioners are invited to give comments on the document at http://www.hm-treasury.gov.uk/d/consult_simplification_capitalgains.pdf by 17 May 2010.