Just wondering about something. We are considering setting up a subsidiary Co. of our existing Co. Can subsidiary companies qualify for the Corporation tax relief scheme? The service would be a different one than that provided by our existing company, so it would be a new business. Should we set up a separate Co altogether to qualify?
If we do have to set up a new Co to qualify, I see that companies can be deemed to be associated if they are both under the control of the same persons. If so would setting up a new company with the same directors as the existing one disqualify it from the Corp tax relief anyway?
Sorry if this is confusing, but I am a bit confused!
If we do have to set up a new Co to qualify, I see that companies can be deemed to be associated if they are both under the control of the same persons. If so would setting up a new company with the same directors as the existing one disqualify it from the Corp tax relief anyway?
Sorry if this is confusing, but I am a bit confused!