Corporation Tax Act 2010 (c. 4)

Part 5 U.K. Group relief

Chapter 3 U.K. Surrenders made by non-UK resident company resident or trading in the EEA

Introduction U.K.

111 Overview of Chapter U.K.

(1) This Chapter allows a non-UK resident company that is resident or carrying on a trade in the European Economic Area to surrender losses and other amounts it has for a period.

(2) Section 113 sets out the basic provisions about the surrendering of losses and other amounts.

(3) Sections 114 to 121 set out conditions that must be met if losses and other amounts are to be surrendered (see Step 2 in section 113(2)).

(4) Sections 122 to 128 set out other rules, assumptions and exclusions (see Steps 3 and 5 in section 113(2)).