CT instalments - 51% subsidiaries

Overseas companies

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A seemingly straightforward question, but I can't find definitive answer. When calculating the number of 51% subsidiaries etc for the purposes of QIP limits for our client do we take into account overseas companies, eg French parent company? In the absence of any reference to residence status I am assuming that we do but does anyone know for sure?

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By Anonymous.
18th Jun 2020 12:06

I'm pretty sure you do include non-resident companies.

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Scooby
By gainsborough
18th Jun 2020 15:07

Yes, you do.

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