Ch22: Groups

Question 1

Principle of Group Relief?

Answer 1

Enables companies within a 75% group to transfer trading losses and certain other losses to other companies within the group.

Question 2

What is a 75% Group?

Answer 2

• One company is the 75% subsidiary of another.
• Both companies are 75% subsidiaries of a third company.

Question 3

What is a Sub-Subsidiary?

Answer 3

• Must have an effective interest of at least 75%.

Question 4

How Group Loss Relief works in the CY?

Answer 4

SURRENDERING COMPANY =
- Can transfer ANY AMOUNT of