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  • Part O (for companies only)

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    During the income year, did the company have a share in, or a loan to, an associated company which under a scheme (as defined) entered into prior to

    27 June 2002 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: 25 Feb 2020QC 27448