Related Commentary  Related CasesRelated HMRC Manuals

154(1)  This section applies if, apart from this section, one company (“the first company”) and another company (“the second company”) would be members of the same group of companies.

154(2)  For the purposes of this Part the companies are not members of the same group of companies if–

(a)one of the companies has surrenderable amounts for an accounting period (“the current period”), and

(b)arrangements within subsection (3) are in place.

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