Gwadien
Uneducated Northern Cretin
- Joined
- Jul 15, 2006
- Messages
- 19,956
You can offset your tax liabilities from losses in previous years; this is extremely common and lots and lots of British businesses do it; quite a few companies will buy a loss making business just to get the tax benefit of their losses. No moral outrage required, go about your business.
So do they sink the loss making business after the tax benefit or do they have to do something with it?
IE can you just go around buying up loss making businesses purely to avoid tax, or is there some positives out of it?