Hi
Thanks in advance for any help! I think I know the answer, but just want clarification.
A trading company (A) is 65% owned by a holding company (P). The other shareholders making up the 35% are all individuals with at least 10% shareholding each.
Company A has made a loss. Is there any way in which Company P can make claim to utilise some of that loss?
Presumably, as the other shareholders are not limited companies a Consortium relief can't be claimed?
Many thanks!
Replies (1)
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You are correct
Not all shareholders have to be companies but there have to be at least 2 companies that between them own 75%