Simply put Group Relief allows companies organised into a Group (where a parent company owns at least 75% of a subsidiary) to claim Corporation Tax relief by transferring losses and Capital Allowances from one company to another.
Simply put Group Relief allows companies organised into a Group (where a parent company owns at least 75% of a subsidiary) to claim Corporation Tax relief by transferring losses and Capital Allowances from one company to another.
Damion Viney
Damion Viney has been supporting business owners to make a success of their ventures since 2011 when he set up Co-. Blogs cover all aspects of business development. He is co-author of Improving the Numbers.