Group relief

Group relief

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Can you disclaim capital allowances in subsidiary company to increase profits against which group losses may be surrendered?
Or is the maximum profit that can be relieved by group losses calculated after a full capital allowance claim?

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By johngroganjga
03rd Nov 2015 22:29

Yes you can disclaim allowances if you wish. The group relief claim is capped at the actual taxable profit. There is no concept of a notional profit for this purpose.

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