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capital gains group

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › capital gains group

  • This topic has 3 replies, 1 voice, and was last updated 4 years ago by agnes222.
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  • September 2, 2020 at 1:27 pm #583128
    agnes222
    Member
    • Topics: 45
    • Replies: 17
    • ☆☆

    Sir i remember reading this line that companies in a capital gains group cannot form their separate group, but i do not understand its implications.

    would you mind explaining with an example?

    thank you

    September 2, 2020 at 1:33 pm #583130
    agnes222
    Member
    • Topics: 45
    • Replies: 17
    • ☆☆

    does that mean that if a parent company has 3holdings (more than 75%) in 3 different companies then they cannot set off their losses against each other only accept and surrender from and to respectively from parent?

    September 2, 2020 at 1:33 pm #583131
    agnes222
    Member
    • Topics: 45
    • Replies: 17
    • ☆☆

    am talking about chargeable gains and capital losses

    September 2, 2020 at 3:21 pm #583138
    agnes222
    Member
    • Topics: 45
    • Replies: 17
    • ☆☆

    this question is very important for my understanding…please can somebody respond

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