51% group companies

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May 17, 2021 at 11:25 am #620811
Yovin
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Hi Sir,
A company is a related 51% group company if the parent company owns directly or indirectly more than 50%
of the share capital of the subsidiary company at the end of the previous accounting period.

Is for a 75% group relief group the parent should own at least 75% of the share capital of the subsidiaries AT THE END OF THE PREVIOUS ACCOUNTING PERIOD?

Is this also applies for a 75% gains group ?
May 19, 2021 at 10:39 am #621041
Tax Tutor
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No – a company becomes a member of a 75% group for purposes of both group relief of losses and gains group rules from the date that 75% ownership arises.
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