Accounting · Corporation Tax and Group Companies
Telephone Ltd prepares accounts to 31 March each year. Throughout the year ended 31 March 2025, Telephone Ltd owned 62% of Desk Ltd, 75% of Chair Ltd, 55% of Floor Ltd (a dormant company) and 100% of Window Inc (resident overseas). Telephone Ltd acquired 60% of the share capital of Blind Ltd on 1 January 2025. What is the total number of associated companies for the purposes of adjusting the upper and lower limits for calculating the corporation tax of Telephone Ltd for the year ended 31 March 2025?
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