Finance (No. 2) Act 2017 inserted new CTA 2010, Part 5A (Group Relief for Carried-Forward Losses).

Part 5A introduced a ‘group relief for carried-forward losses’, the introductory section stating that this Part:

(1)allows a company to surrender losses and other amounts that have been carried forward to an accounting period of the company, and

(2)enables, in certain cases involving groups or consortiums of companies, other companies to claim corporation tax relief for the losses and other amounts that are surrendered.

(CTA 2010, s. 188AA)

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