On 30 January 2014, HM Treasury published legislation for inclusion in the Finance Bill 2014, which clarifies the operation of one of the chargeable gains anti-avoidance rules with regard to corporation tax and the use of losses. The legislation has immediate effect from 30 January 2014.
Details are available on HM Treasury webpage.
OrbitaxFinance Bill 2014: corporation tax: chargeable gains anti-avoidance rules involving losses – legislation with immediate effect
