Groups

Question 1

What is the required holding for a loss group?

Answer 1

75% direct and indirect holding

Question 2

What losses are a surrendering company allowed to give up?

Answer 2

CY ONLY

• Trading loss
• NTLR loss
• Excess property loss
• Excess QCD

Question 3

What is the required holding for a gains group?

Answer 3

• 75% direct holding

- 50% indirect

Question 4

What are the benefits of being in a gains group?

Answer 4

• NGNL transfers
• De-grouping charge (capital gain) when a company leaves the gains group with asset NGNL transfer within 6 yrs of the transfer