Cranky Ltd owns 100% of the ordinary share capital of Mither Ltd. Both companies make up their accounts to 31 December. On 20 July 2014 Mither Ltd sold a factory building which resulted in a chargeable gain. On 27 December 2014 Cranky Ltd sold an office building that resulted in a capital loss.By what date must Cranky Ltd and Mither Ltd make an election if they want their respective capital loss and chargeable gain to be matched?
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