Page 88 - Companies & Dividend Tax
P. 88
Acquisition and Disposal of Shares
Investors
Par 19: Losses on the disposal of certain shares
(SILKE 17.10.5.5)
• Remember - where the company and the holder of
shares are connected persons, paragraph 39 may
apply and the loss made by the company or the
holder of shares may be clogged (trapped).
However, if paragraph 19 also applies, the loss must
be disregarded. First apply paragraph 19 if
applicable, then paragraph 39.
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