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Corporation Tax – Groups

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Corporation Tax – Groups

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by AvatarTax Tutor.
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  • March 2, 2016 at 5:49 am #302951
    AvatarRuth
    Member
    • Topics: 8
    • Replies: 3
    • ☆

    Hello Tutor

    Are non uk resident companies excluded from Group for both Group relief and Capital losses Relief?

    Regards

    March 2, 2016 at 12:54 pm #303010
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    In respect of F6 – yes we only deal with UK resident companies being able to have group relief and being able to elect for gains or losses made by one group member to be deemed to have been made by another member.
    The only specific point that needs to be known here is that if an overseas resident company had two 75%+ subs then the 2 UK subs would be able to group relieve with one another and be in the same gains group but the overseas parent company could not.

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