A1 Ltd owns 90% of the ordinary share capital of A2 Ltd. A2 Ltd owns 80% of

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A1 Ltd owns 90% of the ordinary share capital of A2 Ltd. A2 Ltd owns 80% of the ordinary share capital of A3 Ltd and 70% of the ordinary share capital of A4 Ltd. All companies are UK resident.

(a) Identify any 75% groups within this group structure.

(b) Which of these companies form a capital gains group with A1 Ltd as its principal company?

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Taxation Finance Act 2021

ISBN: 9781292406725

27th Edition

Authors: Alan Melville

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Question Posted: Feb 02, 2024 06:00 AM

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A1 Ltd owns 90% of the ordinary share capital of A2 Ltd. A2 Ltd owns 80% of

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a First we need to clarify that under UK tax law a 75 group generally exists if a parent company dir...View the full answer

Taxation Finance Act 2021

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