CIMA F1 Syllabus C. Fundamentals Of Business Taxation - Types of Overseas Operations - Notes ^{6 / 7}

A separate company for tax. 

Parent pays tax on dividends received

Losses not available for group relief

CGT by sub not taxable for parent

Transfer prices will be scrutinised

Branches profits included in the Parents tax computations

Money transferred is not a dividend

Losses are available for group relief

CGT gains will be taxable for the parent