PART X LOSS RELIEF AND GROUP RELIEF

C2C1CHAPTER IV GROUP RELIEF

Annotations:
Modifications etc. (not altering text)
C1

See—1988 s.434A—limitations on group relief for life assurance company.1989 s.102—surrender of company tax refund etc. within group (from a day to be appointed not earlier than 31March 1992).

F1403ZC Amounts eligible for group relief: non-trading deficit on loan relationships.

1

For the purposes of section 403 a non-trading deficit on its loan relationships means a deficit of the surrendering company to which section 83 of the M1Finance Act 1996 applies.

2

Section 403 applies to such a deficit only to the extent that a claim is duly made under section 83(2) of the Finance Act 1996 for it to be treated as eligible for group relief.