may depend on the entity.
losses in LTC are currently passed to owners each year.
If ring fencing starts this year, those losses are effectively not passed to owner any more. ie not much point in an LTC as the losses will stay with the LTC..
so if LTC sold a property in say a couple of years, and say there was another boom in that period, there wont be much of a loss held in the LTC (2 years worth) to offset any gain, as the past losses have already been passed to owner, who can now NOT use those credits against the CG.
the fine print is going to be critical
losses in LTC are currently passed to owners each year.
If ring fencing starts this year, those losses are effectively not passed to owner any more. ie not much point in an LTC as the losses will stay with the LTC..
so if LTC sold a property in say a couple of years, and say there was another boom in that period, there wont be much of a loss held in the LTC (2 years worth) to offset any gain, as the past losses have already been passed to owner, who can now NOT use those credits against the CG.
the fine print is going to be critical
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