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End of attention
During the income year, did the company have a share in, or a loan to, an associated company which either:
- forgave a debt owed by another company under common ownership or
- suffered a substantial and permanent reduction in the value of the debt owed to it by the other company under common ownership?
Print Y for yes or N for no at P.
If the answer at P is yes, show at Q the total amount by which the company reduced the cost bases of all its shares and loans to the associated company.
During the income year, did a CGT event happen to a share held by the company in an associated company, where the associated company had previously owed a debt to a company under common ownership and that company under common ownership either forgave the debt or suffered a permanent and substantial reduction in the value of the debt? Print Y for yes or N for no at R.
If the answer at R is yes, show at S the total amount by which the company adjusted the cost bases of all its shares in the associated company to which a CGT event happened.
Last modified: 06 Oct 2009QC 27417