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Selling a shell company

  • 23-02-2013 8:18am
    #1
    HobbyMan
    Banned (with Prison Access) Posts: 212 ✭✭


    I have an old company which is carrying forward losses of around €30K.

    Currently I have no need for this company. I have taken the assets out of it so basically it's a shell.

    If I were to sell this company to someone that could use these tax losses to offset their own profits how much could I expect to receive from the sale ?

    TIA


Comments

  • #2
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    There is specific anti avoidence legislation to prevent loss buying such as this.

    Regards

    Dbran


  • #3
    Bigcheeze
    Closed Accounts Posts: 2,858 ✭✭✭Bigcheeze


    The company is worthless as the losses relate to a different trade.


  • #4
    HobbyMan
    Banned (with Prison Access) Posts: 212 ✭✭HobbyMan


    :(

    Thanks guys. Not what I wanted to hear but I should have guessed those answers. Nothing in life is simple. :)


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