INC – Company amalgamation rules

When companies amalgamate, they should consider how the amalgamation rules apply. The amalgamation rules cover a wide range of topics and we have received feedback that the amalgamation rules can be difficult to apply.  Given the wide range of issues, we have produced 3 items (2 interpretation statements and 1 question we’ve been asked (QWBA)). 

The first interpretation statement is guidance on the tax treatment of company amalgamations.  The second interpretation statement aims to provide guidance and examples on the treatment of pre-amalgamation tax losses. The QWBA aims to provide guidance and examples on how to calculate the amalgamated company’s available subscribed capital. 

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