P Ltd is the parent company of a small group. All companies are UK resident and all
Question:
P Ltd is the parent company of a small group. All companies are UK resident and all of the issued shares 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.
(c) S Ltd owns 70% of V Ltd.
Identify 75% groups within this structure.
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P Ltd owns indirectly 72 of T Ltd 80 90 and 42 of V Ltd 60 70 These shareholdings are le...View the full answer
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