(1). What are the circumstances that will result in a degrouping charge?
(2). Which of the following items of information are needed in order to calculate a degrouping charge?
(3). In which of the following situations will there be a degrouping charge?
A XU Ltd is the holding company of a large group of companies. It has owned 100% of the ordinary share capital of SK Ltd for many years. On 1 June 2013 XU Ltd sold 20% of the share capital of SK Ltd. XU Ltd sold a building to SK Ltd on 1 May 2009.
B JX Ltd is the holding company of a large group of companies. It has owned 80% of the ordinary share capital of PJ Ltd for many years. On 1 January 2014 JX Ltd sold 15% of the share capital of PJ Ltd. JX Ltd sold a building to PJ Ltd on 1 August 2006.