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If a group of companies have over 75% effective holding this will make them a a GROUP RELIEF GROUP. But doesnt that automatically also make them a CAPITAL GAINS GROUP?
So my question is do they have to choose which kind of group they want to be in order to benefit from the listed benefits under each group type?
So if they choose to be a Group Relief Group- they cannot surrender capital losses but if they choose to be a Capital Gains group, then they can?
So does this mean they choose they type of group based on the type of benefits they want? Or can they be in a gains group and group relief group at the same time?
The rules for gains groups and losses groups are different and you need to watch the lecture – the rules dictate whether or not a group exists.
The losses for gains are different to trading losses and dealt with in the chapter.Your question appears very confused – watch the chapter again and come back to me if you are still unsure.
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