Page 24 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions

Implications: Tax relief provided

In the hands of the transferee

• When determining the transferee’s taxable

income or capital gains/losses, the transferor

and the transferee will be deemed to be one

and the same person. The objective is that the

transferee will step into the shoes of the

transferor in relation to the original date of,

and base cost of a capital asset or tax value of

trading stock.

24