This section applies in relation to the surrendering company's surrenderable amounts for the surrender period under Chapter 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 F1section 133(1) and (3) to (8)), or

  4. (d)

     consortium condition 3 is met (see F2section 133(2) to (8)).

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).