Group gains ― summary of relevant issues

Produced by a Tolley Corporation Tax expert

Corporation Tax

Guidance

This note highlights the main issues to consider for companies which are members of a capital gains group as opposed to being a standalone company. See the Corporate capital gains ― overview guidance note for a general overview of corporate chargeable gains.

Companies form a capital gains group when one company (the ‘principal company’) owns at least 75% of the ordinary shares of one or more other companies. Sub-subsidiaries are also included where the direct relationship involves at least 75% share ownership and the indirect relationship to the principal company involves share ownership above 50%. A company can only be a member of one group. This definition is slightly different to the rules for group relief.

See the

Continue reading

To read the full Guidance note, register for a free trial of Tolley+™

TAKE A FREE TRIAL

Popular Articles

Employment Tax

Loans provided to employees

Loans provided to employeesEmployers sometimes provide their employees with loans, sometimes charging interest and often not, either as part of the reward package or to help the individual meet significant expenditure. For example, it is common to provide loans for the purchase of annual travel

14 Jul 2020 12:11 | Produced by Tolley Read more

Corporation Tax

Research and development expenditure credit (RDEC)

Research and development expenditure credit (RDEC)This guidance note provides information on how research and development expenditure credits (RDEC) are calculated and utilised. The Qualifying expenditure for R&D tax relief guidance note provides information on what expenditure qualifies for

14 Jul 2020 13:24 | Produced by Tolley in association with Will Sweeney Read more

Personal Tax

Self assessment ― amendments and corrections

Self assessment ― amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the

14 Jul 2020 13:37 | Produced by Tolley Read more

��Ƶ