Part 5Group relief
Chapter 4Claims for group relief
Surrenderable amounts under Chapter 2
130Group relief claims on amounts surrenderable under Chapter 2
1
This section applies in relation to the surrendering company's surrenderable amounts for the surrender period under Chapter 2.
2
A company (“the claimant company”) may make a claim for group relief for an accounting period (“the claim period”) in relation to those amounts (in whole or in part) if the following requirements are met.
Requirement 1
The surrendering company consents to the claim.
Requirement 2
There is a period (“the overlapping period”) that is common to the claim period and the surrender period.
Requirement 3
At a time during the overlapping period—
- a
the group condition is met (see section 131),
- b
consortium condition 1 is met (see section 132),
- c
consortium condition 2 is met (see section 133(1), (3) and (4)), or
- d
consortium condition 3 is met (see section 133(2), (3) and (4)).
- a
3
More than one company may make a claim for group relief in relation to any surrenderable amounts (but the giving of group relief in relation to any claim is subject to the provisions of this Chapter).