Related Commentary  Related HMRC Manuals

105(1)  This section applies if the surrendering company has for the surrender period losses or other amounts within section 99(1)(d) to (g) (“relevant amounts”) that are eligible for corporation tax relief (apart from this Part).

105(2)  The surrendering company may not surrender any relevant amount under this Chapter unless the total of the relevant amounts exceeds the profit-related threshold.

105(3)  If the total of the relevant amounts does exceed the profit-related threshold–

(a)the surrendering company may surrender relevant amounts, but

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