As noted at ¶739-250, the amount of relief to be given on a claim under CTA 2010, s. 188CB is limited in accordance with Part 5A, Ch. 4.

This provides the amount of group relief for carried-forward losses to be given on such a claim is limited to the lesser of:

(1)the unused part of the surrenderable amounts, and

(2)the difference between the claimant company's relevant profits for the overlapping period, and the amount of previously claimed group relief for carried-forward losses for the overlapping period.

(CTA 2010, s. 188DB)

Unused part of the surrenderable amounts

The ‘unused part of the surrenderable amounts’ is the amount equal to:

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