Hi, was hoping someone confirm my calcs are correct using the below. For simplicity, I have rounded the amounts to nearest £10k. Subsidiary is on left, with holding company (who became holding co from 01.11.18) on right. I am trying to calculate the amount of group relief available in both periods for the holdco (YE 31.10.19 & 6m ending 30.04.20)
01/05/2018 - 30/04/2019 01/05/2019 - 30/04/2020 01/11/2018 - 31/10/2019 01/11/2019 - 30/04/2020
Loss £10,000 Loss £110,000 Profit £70,000 Profit £30,000
Is it Loss £10k x 6/12 = £5k +
Profit £70k x 6/12 = £35k, so £40k in total?
6m Ending 30.04.20
£30k as this is lower than £110k x 6/12