Corporation tax for a group and subsidiary

Discussion in 'Accounts & Finance' started by rlellie14, May 28, 2020.

  1. rlellie14

    rlellie14 UKBF Newcomer Free Member

    21 0
    Hi. Can someone advise on this please:
    Lets say there are 3 companies in the group:
    Holding Company: £50k profit
    Main Trading Co: £200k profit
    60% subsidiary: £25k loss

    Is the group paying one CT bill on all £225k profits? or does the subsidiary pay tax separately to the other 2 companies? At what % of ownership does that rule change?

    Posted: May 28, 2020 By: rlellie14 Member since: Oct 24, 2011
  2. UK Contractor Accountant

    UK Contractor Accountant UKBF Legend Full Member - Verified Business

    5,335 966