Chapter 22 Groups

Question 1

Group reliefs group thresholds

Answer 1

At least 75% share capital holding. Including indirect shareholdings

Question 2

What is the maximum that can be surrendered to a groups

Answer 2

Companies loss
Or
The receiving companies TTP for the same period.

(Apportioned if not owned for the full period)

Question 3

B/f group losses are restricted to

Answer 3

Deduction allowance for £5million
+
50% of all profits over the 5million

Question 4

Chargeable gains group threshold

Answer 4

75% direct holding
At least 50% indirect holding

EXCLUDING
Non uk companies gains… but can be used as a link

Question 5

Transfers made in a gains group are eligible for

Answer 5

Nil gain nil loss transfers

Roll over relief can be used in the group

Transfer of losses… up to extent of which there are current year losses

Question 6

Gains de- grouping charge conditions

Answer 6

The company still holds the asset

They are leaving within 6 years of the original in group transfer