Part VI Companies, oil, insurance etc.
Chapter I Companies
F1Pooling of NRCGT gains and losses
188EFurther provision about group losses
(1)
Relief is not to be given under this Act more than once in respect of a group loss or any part of a group loss.
(2)
Relief is not to be given under this Act in respect of a group loss if, and so far as, relief has been or may be given in respect of it under the Tax Acts.
(3)
No relief is to be given otherwise than in accordance with this section for group losses.
(4)
In this section “group loss” means an NRCGT loss accruing to a member of an NRCGT group.