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If an LLP has paid taxes on a conversion of the company’s assets at fair value and was subsequently transferred to another company, can the new company enjoy the benefit of the tax paid by LLP?

Scenario 1 - If the LLP transfers some assets to another company at fair value:

If this fair value is more than the cost of acquisition for the LLP, the LLP will pay taxes on the gain it has made. Hence, in this transaction the other company has not gained anything. In its boo...


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