Corporation Tax Act 2010, Section 142 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)In sections 139 and 140 “the overlapping period”, in relation to a claim for group relief, means the period that is common to the claim period and the surrender period (see Requirement 2 in section 130(2) F1...).
(2)But if during any part of the overlapping period the group relief condition is not met, that part is treated as not forming part of the overlapping period but instead as forming—
(a)a part of the surrender period that is not included in the overlapping period, and
(b)a part of the claim period that is not included in the overlapping period.
(3)The group relief condition is the condition on which the claim for group relief is based, that is—
the group condition,
consortium condition 1,
consortium condition 2,
[F2or, consortium condition 3.]
Textual Amendments
F1Words in s. 142(1) omitted (with effect in accordance with Sch. 4 para. 4(1) of the amending Act) by virtue of Finance Act 2022 (c. 3), Sch. 4 para. 1(5)(a)
F2Words in s. 142(3) substituted (with effect in accordance with Sch. 4 para. 4(1) of the amending Act) by Finance Act 2022 (c. 3), Sch. 4 para. 1(5)(b)
Modifications etc. (not altering text)
C1Pt. 5 excluded (14.7.2022) by Energy (Oil and Gas) Profits Levy Act 2022 (c. 40), s. 1(5)(e) (with ss. 15(1), 16(1))
C2Ss. 138-142 applied (1.4.2022 in relation to accounting periods beginning on or after that date) by Finance Act 2022 (c. 3), s. 51(1), Sch. 7 para. 10(1)
C3S. 142 modified (1.4.2022 in relation to accounting periods beginning on or after that date) by Finance Act 2022 (c. 3), s. 51(1), Sch. 7 para. 10(2)(b)
C4Ss. 138-142 applied (with modifications) (14.7.2022) by Energy (Oil and Gas) Profits Levy Act 2022 (c. 40), Sch. 1 para. 11 (with ss. 15(1), 16(1), 17)
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