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Group companies

Produced by a Tolley Corporation Tax expert
Corporation Tax
Guidance

Group companies

Produced by a Tolley Corporation Tax expert
Corporation Tax
Guidance
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This guidance note is intended to cover the main strategies that a group of companies should consider in advance of the year end. The strategies outlined are aimed at reducing the group’s overall liability to corporation tax and other costs by:

  1. •

    ensuring that losses within a group are relieved as quickly as possible

  2. •

    reducing the compliance burden on the group overall, resulting in both time and cost savings

This note should be read in conjunction with the following notes:

  1. •

    Introduction to year-end tax planning for companies

  2. •

    Chargeable gains planning

  3. •

    Year end tax international planning

See also Checklist - corporation tax review - year-end tax planning for more information.

For the definition of a group company, see the definition of group for group relief purposes in the Group relief guidance note.

Mergers

Subject to commercial and legal considerations, large groups of companies should consider whether a reduction in the number of distinct corporate entities would reduce professional, legal and other costs without interfering with operational efficiency.

Merging corporate entities to form

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  • 12 Feb 2025 12:51

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