Commentary

D2.201A Introduction to the rules for group relief

Corporate tax
Corporate tax | Commentary

D2.201A Introduction to the rules for group relief

Corporate tax | Commentary

Division D2.2     Group relief for current year and carried forward losses

For updates affecting this Division please see 'Binder 5 updates'

Group relief—introduction and scope

D2.201A Introduction to the rules for group relief

Group relief is a mechanism that allows for the transfer of certain types of losses (and other expenses) from loss-making members of a group of companies to members that are profitable. The basic premise behind the relief is to allow members of a group to effectively be taxed as one economic unit for a given accounting period.

The meaning of what constitutes a group for group relief purposes is explored

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