Group relief and group relief for carried-forward losses are useful tax reliefs where one company incurs losses, which it is unable to relieve against its own taxable profits, and another company in the same group has taxable profits against which those losses could be offset.

Members of a group of companies may transfer the benefit of the trading losses (and certain other losses) it incurs in an accounting period in order to reduce the taxable profits of other group members in relation to overlapping periods. This is known as group relief.

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