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Question 1 Topco plc owns 80% of A Ltd which in turn owns 90% of B Ltd. Topco plc own 100% of X Inc

Question 1 Topco plc owns 80% of A Ltd which in turn owns 90% of B Ltd. Topco plc own 100% of X Inc which in turn owns 80% of C Ltd. C Ltd owns 65% of D Ltd and 95% of Z Inc. In addition, B Ltd owns the remaining 35% in D Ltd. Both X Inc and Z Inc are incorporated in the USA. Two loss groups can be formed, which are they? A Ltd, B Ltd and Topco plc. C Ltd. Z Inc OA Ltd. B Ltd and Topco plc, C Ltd. D Ltd Topco plc. A Ltd, B Ltd and Topco plc, X Inc, C Ltd, D Ltd, Z Inc Topco plc. A Ltd, B Ltd and Topco plc, C Ltd, Z Inc 3 pts

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