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This guidance note is intended to show the various strategies both individual companies and groups of companies can utilise in order to minimise the charge to corporation tax on any chargeable gains that may arise during the accounting period.

The main benefits of these strategies can be summarised as follows:

1. •

   to ensure that gains arise in group members that are loss making

2. •

   the deferral of the charge to corporation tax to later accounting periods for cash flow advantages

3. •

   the maximisation of allowable losses (sometimes referred to as capital losses) where available in order to reduce the net chargeable gain arising within a company or a group (particularly from 1 April 2023, where different members of the group could be subject to different rates of tax)

4. •

   to ensure that where possible, gains are negated