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
Ask the Tutor ACCA TX-UK
lecture 22.2: relief via an overseas company
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!
Sign into reply to this topic.