[28sharmila]

Yes, I did that as well. Since no ownership % was given, the joint savings interest income must be apportioned 50:50 . We must include this interest income in Michael’s PA calc, but nevertheless Michael was already an AR taxpayer before that interest income, so his PA calc was not really necessary.

[28sharmila]

I remember the question saying that the Parent co wants to relieve loss as early as possible, so I guess that implied relieving the loss agst its own profit as well as group relief.

[28sharmila]

Yes, even I got 129 for the exempt occupation period because it was mentioned 10-yr secondment elsewhere in the UK, meaning that only up to 4 years is exempt for employed reasons.

[Author]

Posts