Changes introduced in Finance Bill 2009 should enable chargeable gains and losses arising across a group of companies to be offset more easily, with certain restrictions being eased.

Legislation will be included in Finance Bill 2009 to enable companies to transfer gains or losses to other group companies, instead of the current regime where the assets being disposed of are deemed to be transferred.

Restrictions relating to the type of asset and circumstances under which the gain or loss arises will cease to apply.

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