Low1 Ltd is a wholly-owned subsidiary of High1 Ltd. Both companies are UK resident and prepare accounts
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Low1 Ltd is a wholly-owned subsidiary of High1 Ltd. Both companies are UK resident and prepare accounts to 31 March each year. Results for the year to 31 March 2021 are:
Show how the trading loss sustained by Low1 Ltd may be relieved.
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High1 Ltd has taxable total profits of 93000 100000 5000 12000 This s...View the full answer
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