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Sir is there any guideline of unused tax losses or deferred tax losses of a particular subsidiary in a group,
And how and in what circumstance can it be utilized
Like can parent utilize its losses or subsidiaries losses against its tax payable, and for how long can it claim ive heard its 3 yrs?
Hi,
Don’t too involved with the detailed tax treatment of utilising losses within a group. If we have losses within a company then we assume they are carried forward by that company and so a deferred tax asset will arise assuming that we can utilise the losses against trading profits in the future.
Thanks
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