SCHEDULES

SCHEDULE 7RPDT reliefs

PART 4Supplementary provision

19Payments for relief

1

This paragraph applies if—

a

a surrendering company and a claimant company (within the meaning of Part 2 or 3 of this Schedule) have an agreement between them in relation to adjusted trading losses of the surrendering company (“the agreed loss amounts”),

b

RPDT group relief, or RPDT group relief for carried-forward losses, is given to the claimant company in relation to the agreed loss amounts, and

c

as a result of the agreement the claimant company makes a payment to the surrendering company that does not exceed the total amount of the agreed loss amounts.

2

The payment is not to be taken into account in determining the profits or losses of either company under section 39 (adjusted trading profits and losses).