RE: MGA disposal (tax losses).25 Nov 2024 15:26
A great summary TS.
Anybody who has been involved with M&A knows that there is nearly always extra costs. They are not just selling the tax losses here, they are selling a subsidiary with assets and liability. It's like selling a property, the conveyancer gives you a "fixed" quote but then has to send two additional emails that weren't included which end up costing you an extra £200.00. There is no such thing as a "Fixed" fee when it comes to legal costs.
There is some absolutely tripe being spouted on the back of todays RNS.