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Corporation Tax – Groups

This topic has 2 replies, 2 voices, and was last updated 1 year ago by carissab13.

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March 2, 2024 at 2:18 pm #701690
carissab13
Participant
- Topics: 2
- Replies: 2
Hello,
In the TX UK Pre March 2024 Mock – Sec C Pig Plc question, Pig Plc owned 100% of two subsidiaries. When asked whether Pig Plc would be a large company, the corporation tax limit of 1.5M was divided by two related 51% group companies.
Why was it not divided by 3 as there are three companies in the group?
Thanks.
March 2, 2024 at 4:14 pm #701706
JillyB
Keymaster
- Topics: 0
- Replies: 899
It should be 3
March 4, 2024 at 12:19 pm #701925
carissab13
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- Replies: 2
Thank you.
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