Group relief

Group relief guidance:

Consortium relief is an extension of the group relief rules to allow the surrender and claim of losses between companies that are not so closely connected as to form a...

Practice Note

Conditions for claiming group relief If a company (the surrendering company) has a loss or other amount that can be surrendered for group relief in an accounting period...

Practice Note

FORTHCOMING CHANGE relating to a corporate capital loss restriction: Finance Bill 2019–20 will introduce a corporate capital loss restriction (CCLR), limiting companies’...

Practice Note

This Agreement is made on [insert date] Parties 1 [Insert name of party] a company incorporated in England and Wales (under number [insert registered number]) whose...

Precedents

Why does it matter? It is common for corporate entities to operate within a group, ie several companies under common ownership. The basic UK corporation tax rules operate...

Practice Note

A company can surrender by way of group relief: • a trading loss • a capital allowance excess • a non-trading loan relationship deficit • qualifying charitable donations...

Practice Note

Consortium relief is the term used to describe an extension to the group relief rules that allows the surrender and claim of losses between companies that are not so...

Practice Note

The maximum amount of group relief that a company (the claimant company) can claim in any given accounting period (the claim period) is broadly the lower of its available...

Practice Note

Why does it matter? A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any...

Practice Note

A company within a group can, in certain circumstances surrender a tax refund which is due to it to another member of that group. It can be to the advantage of the group...

Practice Note