If a company is incorporated and joins a group, say 6 months into their financial year. What are the rules with regards to group relieving losses to the new company.
Is it the lower of:
The profit made in the 6 months in the new company &
6/12 x the loss of the surrendering company
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That's pretty much it
Though it may depend on what generated the loss in the surrendering company. Time-apportionment usually applies, but not in every case.