Group/Holding Companies

Ct600

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Hi I have a group of companies which I just need to find out what is filed with HMRC on the CT600's. I have 2 subsidiaries and one holding company.  Both subsidiaries are profit making, with the holding company has a loan which the has loss as it has no income.  All accounts for the 2 subsidiaries have capital allowances that will be written against AIA in the year.  I'm just unsure on the entries in the CT600 for the subsiduries ie do I claim the AIA through those or through the main group CT600.  

I know on the group I attached the subsidiaries accounts to those but just need help with the filing requirements as never done these before.

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By David Ex
18th Jun 2024 11:00

Sounds like you need an accountant.

Thanks (3)
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By Bobbo
18th Jun 2024 11:38

paullacey007 wrote:

through the main group CT600. 

The WHAT?

paullacey007 wrote:

I know on the group I attached the subsidiaries accounts to those

You attached the subsidiaries' accounts to what?

Thanks (4)
Replying to Bobbo:
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By paullacey007
18th Jun 2024 11:43

when filing the group accounts and ct600, I know I attach the subsidiaries to those.

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Replying to paullacey007:
paddle steamer
By DJKL
18th Jun 2024 11:48

The Group Consolidated Accounts are irrelevant for tax. The relevant accounts for the Holdco CT600 are its individual accounts.

Are you preparing consolidated accounts?

If you are, are you required to so do?

Do you understand the difference?

Should you be doing this work without someone guiding you?

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Replying to DJKL:
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By paullacey007
18th Jun 2024 12:01

There will be consolidated accounts produced for the holding/parent company.

Just trying to understand a few bits hence why I've asked the question on here

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Replying to paullacey007:
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By Leywood
18th Jun 2024 12:06

You really shouldn’t be using this site for CPD.

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Replying to paullacey007:
paddle steamer
By DJKL
18th Jun 2024 12:33

The consolidated accounts are in themselves irrelevant for tax though may also include the parent company accounts

Each company submits individual company accounts with its CT600 if it is in the scope of corporation tax.

Tax losses any individual company in the group has maybe can be surrendered.

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Replying to paullacey007:
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By David Ex
18th Jun 2024 11:49

paullacey007 wrote:

when filing the group accounts and ct600, I know I attach the subsidiaries to those.

Sounds like you need an accountant.

Thanks (2)
Replying to paullacey007:
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By Bobbo
18th Jun 2024 12:30

paullacey007 wrote:

when filing the group accounts and ct600, I know I attach the subsidiaries to those.

I think we're also just trying to understand a few bits... namely why you would do this ^ ?

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Replying to paullacey007:
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By Paul Crowley
18th Jun 2024 15:06

Really?

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