Associated companies

Associated companies

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I own 90% of the share capital of a UK trading company, which holds 100% of a US-resident trading company. When calculating the UK CT liability, can I work on the basis that there are no associated companies, as the overseas company is not resident here?

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Nichola Ross Martin
By Nichola Ross Martin
16th Mar 2011 20:05

No

you count all companies, worldwide,  unless they are dormant.

Virtual tax support for accountants: www.rossmartin.co.uk

 

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