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Arslan says

Hi, the answer to example one seems impossibly correct.

Reason –

Since it is a lower limit company .. its profits are only £140,000 therefore the rate should be multiplied by 20% not 21%?

Furthermore, why is there the need to carry out a marginal relief as it does not fall in between the marginal rate?

Please do correct me if i am wrong

Maria says

As i understand it, since there are 3 associated companies, then the lower and upper limits are divided by 3, hence the lower limit is now £100,000. From that, the company is now a Marginal company as it’s profits fall between £100,000 and £500,000 of the lower and upper limit respectively.