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—

    1. a

      the group condition is met (see section 131),

    2. b

      consortium condition 1 is met (see section 132),

    3. c

      consortium condition 2 is met (see section 133(1), (3) and (4)), or

    4. d

      consortium condition 3 is met (see section 133(2), (3) and (4)).

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).