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Question 2b ii
Greenzone Ltd has held shares in four trading companies throughout the year ended 31 March 2013. All four companies prepare accounts to 31 March. The following information is available for the year ended 31 March 2013:
The dividend figures are the actual cash amounts received by Greenzone Ltd during the year ended 31 March 2013.
| Are Ltd | Be Ltd | Can Ltd | Doer Co | |
|---|---|---|---|---|
| Residence | UK | UK | UK | Overseas |
| Percentage shareholding | 60% | 40% | 90% | 70% |
| Trading profit/(loss) | £(74,800) | £68,900 | £(64,700) | £22,600 |
| Dividends paid to Greenzone Ltd | £36,180 | £35,100 | £29,400 | £16,650 |
Required:
(ii) Calculate the maximum amount of group relief that Greenzone Ltd can claim for the year ended 31 March 2013; (2 marks)