Sell a company with substantial NOL?

  1. #1

    Join Date
    Jun 2018
    Posts
    9

    Sell a company with substantial NOL?

    I have a company that is laying dormant at the moment with a couple of million HKD in NOL that are just sitting there.
    No outstanding loans or nothing exists to third-parties and all accounting is in order.

    I'd like to reclaim at least some of the losses that I incurred, at least 50%.

    Has anyone ever done such a thing in Hong Kong or should I sell it to a different jurisdiction?
    Thanks.


  2. #2

    Join Date
    Jan 2017
    Posts
    86

    No market. I looked into this before. The latest transaction I heard was some Chinese company bought a macau offshore company. other than that I haven’t heard of anyone who bought comapny with losses for tax reasons


  3. #3

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    22,177

    Also, the losses are not worth 50%.. Discounted tax credit at best, but considering other risks.

    Have a GeoExpat related problem - please create a support ticket.