# Change in control

**URL:** <https://www.protaxcommunity.com/t/change-in-control/12442>\
**Category:** Tax Topics\
**Created:** [May 28, 2026, 6:09pm UTC](https://www.protaxcommunity.com/t/change-in-control/12442 "2026-05-28T18:09:06Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![dongminkun](https://avatars.discourse-cdn.com/v4/letter/d/ee59a6/32.png) [@dongminkun](https://www.protaxcommunity.com/u/dongminkun)\
**Post date:** [May 28, 2026, 6:09pm UTC](https://www.protaxcommunity.com/t/change-in-control/12442/1 "2026-05-28T18:09:06Z")

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A client sold shares of a corporation to a third party on March 1, 2026. There is no specified time on the purchase and sale agreement. I prepared the T2 with a February 28, 2026 year end and entered March 1, 2026 as the date of change in control. The software is giving me a warning that the date of change in control must be within the taxation year. Should I ignore the warning?

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**Author:** ![Rein](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/rein/32/1083_2.png) [@Rein](https://www.protaxcommunity.com/u/Rein)\
**Post date:** [May 28, 2026, 8:06pm UTC](https://www.protaxcommunity.com/t/change-in-control/12442/2 "2026-05-28T20:06:52Z")

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A change of control results in a deemed taxation year-end _ **immediately before** _ the acquisition of control. Therefore, if the shares are sold on March 1, the change of control is considered to occur on February 28.

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**Author:** ![dongminkun](https://avatars.discourse-cdn.com/v4/letter/d/ee59a6/32.png) [@dongminkun](https://www.protaxcommunity.com/u/dongminkun)\
**Post date:** [May 28, 2026, 8:23pm UTC](https://www.protaxcommunity.com/t/change-in-control/12442/3 "2026-05-28T20:23:22Z")

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Thank you!

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**Author:** ![Nezzer](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/nezzer/32/3845_2.png) [@Nezzer](https://www.protaxcommunity.com/u/Nezzer)\
**Post date:** [May 29, 2026, 4:24pm UTC](https://www.protaxcommunity.com/t/change-in-control/12442/4 "2026-05-29T16:24:44Z")

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And, if the change in control occurred after year-end (i.e. March 2) then it did not occur DURING the taxation year, so it should not be reported on that T2.