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in kaplan f6 revision kit question 62(music plc) solution lower limit and upper limit of £300,000 and £1,500,000 are prorated by 7 associated co’s
in solution gong ltd is also treated as associate while it has an effective holding of 48%(0.8*0.75*0.8)
why it is so?Hi Tarigilyas
I would be happy to help you. Howver I dont use a kaplan revision kit.
if you could paste your question, probably i can help you out with it.
Assuming you have issue with associated companies. While calculation the limit for corporation tax, we do consider a company to be a associated company if they have a direct holding of 50% they are associated.
It means you dont have have calculate the effective holding interest. If its more than 50% its associate.Hope it helps
Regards
Raj
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