P Ltd is the parent company of a small group. All companies in the group are UK

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P Ltd is the parent company of a small group. All companies in the group are UK resident and all of the issued shares of each company are ordinary shares. Shareholdings within the group are as follows:

(a) P Ltd owns 80% of Q Ltd, 100% of R Ltd and 60% of S Ltd.

(b) Q Ltd owns 90% of T Ltd.

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Question Posted: Feb 07, 2024 08:28 AM

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P Ltd is the parent company of a small group. All companies in the group are UK

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P Ltd owns indirectly 72 of the ordinary share capital of T Ltd 80 x ...View the full answer

Taxation Finance Act 2017

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