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The ordinary share capital of PP Ltd (a trading company) is owned 32% by QQ Ltd, 35% by RR Ltd, 23% by SS Ltd. The remaining 10% is owned by various individuals, none of whom own more than 1%. All companies are UK resident and prepare accounts to 31 July. Results for the year to 31 July 2017 are as follows: PP Ltd QQ Ltd RR Ltd SS Ltd £ £ £ £ Trading profit/(loss) (96,000) 41,000 38,000 11,000 Chargeable gains – 15,000 – – Income from property 12,000 6,000 11,000 4,000 Gift Aid donations – (3,000) 2,000 (1,000) Compute the maximum possible group relief claims.
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