Commentary

D2.235 Group relief for carried forward losses—claimant company's relevant maximum

Corporate tax
Corporate tax | Commentary

D2.235 Group relief for carried forward losses—claimant company's relevant maximum

Corporate tax | Commentary

D2.235 Group relief for carried forward losses—claimant company's relevant maximum

Where there are unused surrenderable amounts of losses carried forward, a claimant company can claim the lower of the1:

  1.  

    •     unused part of the surrenderable amount for the overlapping period (see D2.234), and

  2.  

    •     difference between the claimant company's relevant maximum and the amount of previously claimed group relief for carried forward losses for the overlapping period2

Steps to establish the claimant's relevant maximum

The procedure to establish the claimant company's relevant maximum depends on whether the company's relevant profits are more or less than the company's allocated deductions

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