T Ltd has owned 90% of the ordinary share capital of B Ltd for many years. Both
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T Ltd has owned 90% of the ordinary share capital of B Ltd for many years. Both are UK resident. Recent results for the two companies are as follows:
No dividends have been received by either company in any of these years and maximum group relief is claimed. Calculate the corporation tax which is payable by each company for each accounting period and state the due date (or dates) of payment.
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Trading profit/(loss) Chargeable gains Gift Aid donations T Ltd yle 31/3/2021 880,000 25,000 5,000 T Ltd y/e 31/3/2022 130,000 13,000 5,000 B Ltd yle 30/11/2021 (174,000) 3,000
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