Ch22: Groups Flashcards
(1) Group Relief (2) C/F Group Relief (3) Alternative Loss Reliefs (4) Chargeable Gains Group
1
Q
Principle of Group Relief?
A
Enables companies within a 75% group to transfer trading losses and certain other losses to other companies within the group.
2
Q
What is a 75% Group?
A
- One company is the 75% subsidiary of another.
- Both companies are 75% subsidiaries of a third company.
3
Q
What is a Sub-Subsidiary?
A
- Must have an effective interest of at least 75%.
4
Q
How Group Loss Relief works in the CY?
A
SURRENDERING COMPANY =
- Can transfer ANY AMOUNT of
