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lecture 22.2: relief via an overseas company

This topic has 1 reply, 2 voices, and was last updated 2 years ago by Tax Tutor.

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August 7, 2022 at 10:23 am #662596
guyver101
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In 22.2 at 1:01:00, the example shows a non UK parent, with two 75% subs.
And the loss of one sub can be relieved against the gains of the other, even though the subs have 56% link (0.75*0.75)
Have I understood that correct?
thanks
August 8, 2022 at 10:03 am #662666
Tax Tutor
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Unfortunately you have not understood the basic group relationships – go back to the notes and lectures looking at how the 51% and 75% group relationships are determined.
You do not take 75% of 75% irrespective of whether the parent company is overseas or UK!
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