sir i wanted to understand the residency of a subsidiary owned by a parent that is resident in the uk. now, given the fact that the parent would be holding more than 50% stake in the company, it goes without saying that the subsidiary would be owned and managed by the uk based parent. so in that case all the subsidiaries of a uk based parent company, would be liable to pay CT in uk. am i correct??
Sorry but you are not correct as it does not “go without saying”. A non UK resident company is one that is both incorporated overseas and “centrally managed and controlled overseas” (this refers to management and control by the directors of the company NOT the shareholders /owners of the company.