Hi,
If Z Ltd started trading on 1 January 2017 then it would not have been part Beyonce's group in the previous CAP,so how can we use the trading profit to set off the loss.
Ask the Tutor ACCA TX-UK
Chapter 22 Example 4
Whether it was a member of the group in the previous CAP is irrelevant - group relief is available from the date a company joins the 75% group - the issue then being to time apportion the period of loss and the period of profit for the corresponding accounting periods
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