retained losses, page-4

Hi Digital,

You are right. The problem is that when a company takes over another, it is considered a capital event that forces these historic losses to be realised (and therefore they cannot be used).

There is a crafty way of changing the direction of a company into something profitable that doesn't need capital (e.g. Consulting/H.R., restuarant) and rorting the taxs breaks, but of course that would be unethical, so no one would do it... :-)

Cheers