Do I need to elect for the Business Restructuring Relief if I conduct a business restructuring transaction (e.g. merger) within a Tax Group?

Do I need to elect for the Business Restructuring Relief if I conduct a business restructuring transaction (e.g. merger) within a Tax Group?

No, you don’t need to make any special election for Business Restructuring Relief when you restructure within a Tax Group because the restructuring doesn’t affect the taxable income of the Tax Group.

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