Group Relief Agreement
Group Relief Agreement

The following Tax guidance note provides comprehensive and up to date legal information covering:

  • Group Relief Agreement
  • Parties
  • Recitals:

This Agreement is made on [insert date]

Parties

  1. 1

    [Insert name of party] a company incorporated in England and Wales (under number [insert registered number]) whose registered office is at [insert registered address] (the Claimant Company); and

  1. 2

    [Insert name of party] a company incorporated in England and Wales (under number [insert registered number]) whose registered office is at [insert registered address] (the Surrendering Company)

  2. (each of the Claimant Company and the Surrendering Company being a Party and together the Claimant Company and the Surrendering Company are the Parties).

Recitals:

    1. (A)

      [the [Claimant Company OR Surrendering Company] is the beneficial owner of [the entire OR [Insert percentage]] % of the ordinary share capital of the [Surrendering Company OR Claimant Company] OR [[Insert name of third company]] is the beneficial owner of the [entire OR [Insert percentage]]% of the ordinary share capital of both the Surrendering Company and the Claimant Company]. During the Current Accounting Period the Claimant Company and the Surrendering Company are in the same group of companies for the purposes of surrendering Tax Losses under Part 5 of CTA 2010.

    2. (B)

      The Claimant Company wishes to claim