½Û×ÓÊÓƵ

Home / Simons-Taxes /Corporate tax /Part D2 Groups of companies /Division D2.2 Group relief for current year and carried forward losses /Group relief for carried-forward losses—calculation for group members / D2.235 Group relief for carried forward losses—claimant company's relevant maximum
Commentary

D2.235 Group relief for carried forward losses—claimant company's relevant maximum


Corporate tax

Where there are unused surrenderable amounts of losses carried forward, a claimant company can claim the lower of the1:

  1. Ìý

    •ÌýÌýÌýÌý unused part of the surrenderable amount for the overlapping period (see D2.234), and

  2. Ìý

    •ÌýÌýÌýÌý difference between the claimant company's relevant maximum and the amount of previously claimed group relief for carried forward losses for the overlapping period2

Steps to establish the claimant's relevant maximum

The procedure to establish the claimant company's relevant maximum depends on whether the company's relevant profits are more or less than the company's allocated deductions allowance (see D1.1108B).

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
TAKE A FREE TRIAL TAKE A FREE TRIAL

Web page updated on 17 Mar 2025 17:00