Re: A couple of things
in response to
by
posted on
May 02, 2022 06:16PM
FTW (great name btw), First of all I should have opened that part of my last post by saying I'm not a tax lawyer or accountant. That being said I got the idea of RVX packaging their tax credits a number of years ago when if memory serves they used them as loan collateral so I figured they must have a market value. Later I had the opportunity to ask the general question to someone who is an expert in that area and they told me that placed in the right "structure" this could be facilitated by and for the benefit of a company in the same business. ie biotech/pharma, drug development. Today a quick search lead me to a couple of hits on transfer of tax credits but they were mostly American and I didn't have time (or desire really) to dive into them. Anyway my understanding is that this can be facilitated but perhaps the rules have changed since that quick opinion was given to me and I definitely can not claim any personal expertise in that area.