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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › 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
The groups chapter in the manual and the lectures explain all about this.
Thanks.