Group relief

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Revision as of 09:04, 8 October 2013 by imported>Doug Williamson (Category added 8/10/13)
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UK Corporation tax.

A system of UK tax whereby a member of a group of companies may, in defined circumstances, pass a trading loss to another group company, enabling it to set the loss against its own trading profit, thereby reducing the amount of corporation tax payable by the group as a whole.


See also