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28 January 2011
De-grouping charge; value shifting rules; losses following change of ownership
HMRC have published draft guidance relating to the simplification review of the capital gains rules for groups of companies, namely on the de-grouping charge, the value shifting rules and losses following a change of ownership.
The guidance will accompany the draft legislation and consultation response documents that were published on 9 December 2010.
The guidance is given in draft manual format as it is intended that it will be published within HMRC’s Capital Gains Manual.
Comments on the draft guidance should be sent by 22 February to HM Treasury’s related companies simplification review team by email via HMRC's website.
