Can an LLP buy the losses of a Limited company

[tax-bill]

An LLP receiving its income from Rental houses can sell its entire property assets to a housing association.
The LLP would then cease trading.
Prior to ceasing trading could the LLP buy a Ltd Company which has losses and set these losses against the LLP profit from the sale of its assets.
If the Ltd Company losses were in excess of the LLP profit would that result in zero tax from the transaction for the partners.
Would be of great interest if someone has come across this type of transaction.

Tax-Bill

[SteLacca]

Sounds like it would be caught by the General Anti Abuse Rule (GAAR) to me, not having a commercial purpose to the transaction and being undertaken purely to gain a tax advantage.

[bd6759]

No need for GAAR. You cannot buy losses. How would the LLP buy a company and use its CT losses?