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Associated companies for CT purposes

Associated companies for CT purposes

Hi all - I would appreciate your help. My client has a property investment company which is a wholly owned subsidiary of H. H has no trading, it simply holds the subsidiary investment. It is the first year and no dividends have as yet been paid. Does H count as as associate company for CT purposes? Will it make a difference when H receives dividends? There won't be any trading by H at all. Would very much appreciate your comments.

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By Exector
24th Feb 2016 15:26

No and No- see here

http://www.hmrc.gov.uk/manuals/ctmanual/ctm03592.htm

 

final para  - should still apply even tho post 31/03/15 CT assoc cos only re groups  & only relevant for CT QPs.

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By MGD
24th Feb 2016 15:37

Thank you ever so much. Much obliged

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