London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Surprising opinion on cross border losses

The Advocate General of the EU has published her opinion on the action against the UK for failing properly to implement the decision (Marks & Spencer’s case) on relief for cross-border loss relief case.  The AG concluded that the UK is justified in principle not only in imposing stricter requirements for relief, but also in excluding overseas subsidiary losses.  The opinion suggests that the change in the UK law following the Marks & Spencer case was not necessary.

It appears that, in the AG’s opinion, a UK company investing overseas is not in the same position as one investing in the UK and so can be subject to different rules.

This could get very complicated!



Date: 21st November, 2014
Author: Cathy Corns


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Football #finance short-term cost control, profitability and sustainability @mercerhole Andy Turner sheds light on……

Lisa Spearman, Private Client Partner updates on 'Changes to Main Residence Relief from Capital Gains Tax'……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn