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Neville is a director on all seven of our Companies They have different functions i.e. one is building company 2 manage their own properties and so on. For tax purposes they are considered associated companies. My
Question is if we made two of our company either non trading or holding companies could we reduce our associated companies to 5 to be more tax efficient per company to qualify for small companies corporation tax relief.
Our companies do not send in group accounts but each company send in its own company accounts at its year end, some companies year end is in February others in April June and so on. Generally the different company's invoice one another for different services etc which does help
to make our tax liability as efficient as possible. We would welcome any good suggestions on how to improve in this regard.