F1PART 5AGroup relief for carried-forward losses
CHAPTER 2Surrender of company's carried-forward losses etc
188BERestriction where surrendering company could use losses etc itself
The surrendering company may not surrender any losses or other amounts under this Chapter if—
(a)
section 269ZD(2) applies in determining the taxable total profits of the surrendering company for the surrender period, and
(b)
the sum of the relevant deductions (within the meaning of section 269ZD(3)) made for the surrender period is less than the maximum permitted by section 269ZD(2).