PART X LOSS RELIEF AND GROUP RELIEF
C1C2C3C4C5C6CHAPTER IV GROUP RELIEF
Pt. 10 Ch. 4 modified (27.7.1999) by Commonwealth Development Corporation Act 1999 (c. 20), Sch. 3 paras. 1, 5(1)
Pt. 10 Ch. 4: The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), reg. 35 to be construed as one with this Chapter (6.4.2006) by virtue of regs. 1, 35(2) of that affecting S.I.
Pt. 10 Ch. 4 modified (19.7.2006) by Finance Act 2006 (c. 25), s. 136(1)(2)(c)
Pt. 10 Ch. 4 modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296), regs. 1(1), 17
Pt. 10 Ch. 4 modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by Corporation Tax Act 2009 (c. 4), s. 39(3) (with Sch. 2 Pts. 1, 2)
F1403ZD Other amounts available by way of group relief.
1
References in section 403 to charges on income, F5UK property business losses and management expenses shall be construed as follows.
2
Charges on income means the aggregate of the amounts paid by the surrendering company in the surrender period by way of charges on income.
3
A F6UK property business loss means a loss incurred by the surrendering company in the surrender period in a F7UK property business carried on by the company.
It does not include—
a
an amount treated as such a loss by section 392A(2) (losses carried forward from earlier period), or
b
a loss which would be excluded from section 392A by subsection (5) of that section (certain businesses not carried on with a view to gain).
F34
Management expenses means the aggregate of the amounts deductible under F8section 1219 of CTA 2009 (expenses of management of a company's investment business) by the surrendering company for this period.
It does not include an amount deductible by virtue only of F9section 392A above or section 1223(3) of CTA 2009(amounts carried forward from earlier periods).
5
F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F26
A non-trading loss on intangible fixed assets means a non-trading loss on intangible fixed assets, within the meaning of F10Part 8 of CTA 2009 (intangible fixed assets), for the surrender period.
It does not include so much of any such loss as is attributable to an amount being carried forward under F11section 753(3) of that Act (amounts carried forward from earlier periods).
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).