I don’t know why, but I feel that this should be obvious to me, but isn’t.
Co S is a 100% subsid of P. S has a YE of March 18, P Dec 17. S makes a loss of £120k and wants to group relieve it to P. Clearly P can claim £90k in 2017 & £30k in 2018, but in practice how do I show this on the CT600s?
Does S only group relieve £90k in March 18, the remaining £30k in March 19?
If the full £120k is relieved in March 2018, how does P show this on its CT600 - the relief approval from S will show £120k?
New but related Q - if the loss maker (S) has a YE of Dec 17 and the relief recipient (P) has a YE of March 18, can 3/12 of the loss be carried back to P’s March 17 CT?