SCHEDULES

Valid from 19/07/2006

SCHEDULE 18A U.K. Group relief: overseas losses of non-resident companies

Part 1 U.K. Meaning of conditions for the purposes of section 403F

The equivalence condition U.K.

2 An amount meets the equivalence condition if it corresponds (in all material respects) to an amount of a kind that, for the purposes of section 403, could be available for surrender by way of group relief by a company resident in the United Kingdom.