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Mark@1973 that is what I thought.
So once again a great try to de-ramp from Bobby but once again 'Must try harder' and 'must engage his brain before commenting'!
So lets recap Oil_Trader you are quite right, a shell with tax losses would be very appealing!
Mark@1973 so am I right in thinking the Tax losses are linked to the shell and are linked to the UK company so thus can be used?
But I’m sure PWC have got it wrong!
Income losses
Where a loss arises in respect of a particular source of income, there are detailed rules regarding the possible offset of the loss. Carryback and sideways reliefs are often allowed within limits; carryforward is generally allowed and carried forward losses do not time expire, although from April 2017 the maximum carried forward loss offset is broadly limited to GBP 5 million plus 50% of the current year profits in excess of that amount. Losses can also be utilised by other group companies (see the Group taxation section).
I mean ... what do they know about such things.
https://taxsummaries.pwc.com/united-kingdom/corporate/income-determination
My mistake on in the tax losses, I stand corrected of what you say is correct.
Even still for Ablingdon or a similar rapidly growing company, MTFB is a perfect fit. There aren’t many pharma cash shells out there and this is a much faster way to list than going out and starting from scratch. It would enable investors to easily inject cash for the rapid COVID related expansion.
If Ablingdon listed in the coming months, every man and his dog would want in. The demand would be massive
Bobby....good news about one of your competitors in this RTO! Best get back to your team and decide how to get hold of shares and quick!
BRB1 just correcting that misinformation about tax losses, you can always filter me if you don't like my posts lad......
Looks like it's the BobbyFirmino board. Very sad person.
Yeah the tax losses are with Motif Bio Inc that was listed on the American market before they were delisted and wound down, so the tax losses won't count.....
Not sure if this has been covered before, apologies if I’ve missed the discussion.
What are people’s thoughts on Ablingdon Health looking for a listing? They are the head of the government backed antibody consortium and could soon be making huge profits. A pharma listing with tax losses would be perfect.