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04 August 2015
Can a group company in administration still claim group relief?
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I am aware that unlike a company in liquidation a company in administration does not lose beneficial interest in its assets. If the parent company (in administration) holds 75% of the shares in its subsidiary a group remains for group relief purposes and I believe the parent company can claim or surrender group relief to its subsidiary.
Conversely if the subsidiary is in administration it should also be able to claim/surrender group relief to its parent so long as a 75% group exists (similarly for a subsidiary in liquidation).
I understand that HMRC have denied group relief for companies in administration contending...
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