Introduction
4(1)This Part of this Schedule allows—
(a)a company (“the surrendering company”) to surrender an adjusted trading loss it has for an accounting period to another company (“the claimant company”) that is part of the same relief group, and
(b)enables the claimant company to claim relief from RPDT for that loss.
(2)The relief mentioned in sub-paragraph (1) is called “RPDT group relief”.