Group Loss Relief

Group Loss Relief

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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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By User deleted
17th Oct 2011 07:57

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.

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