subsideiaries

Hello Jill,

Definition
A 75% chargeable gains group comprises a parent company and its 75% subsidiaries. Provided there is a 75% holding at each level, this also includes sub-subsidiaries in which the parent company has an effective interest of over 50%.

In the definition of chargeable gains of group as we know the parent should own 75 % on direct and indirect but what about the effective interest of 50%

This a bit confusing to understand .Always should be at least 75% holding or

which one should we follow the 75% or 50%?

and are there different cases for holding % in

-Chargeable Gain
-Losses
-Vat
with regards to a group.

Thanks