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lecture 22.2: relief via an overseas company

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › lecture 22.2: relief via an overseas company

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Tax Tutor.
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  • August 7, 2022 at 10:23 am #662596
    guyver101
    Participant
    • Topics: 33
    • Replies: 27
    • ☆☆

    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
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    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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