Court limits capital loss in oil and gas tax dispute relating to partnership

By Anosha Khan ( November 13, 2025, 3:07 PM EST) -- In an oil and gas tax decision, the Federal Court of Appeal has clarified the application of the general anti-avoidance rule (GAAR), reducing the disallowed capital loss claimed by a company while addressing the misuse of adjusted cost base bump provisions in a 2010 partnership transaction....
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