9.2.1 Losses eligible for group or consortium relief
The following losses can be surrendered and relieved to other group or consortium companies in full, even if the surrendering company has other profits of its own that it could set the loss against:
These are trading losses arising in an accounting period and not losses brought forward from an earlier period. Losses arising from an uncommercial trade which are not eligible for relief under s. 37 (see 8.2.8) cannot be group relieved either.
(b)Excess capital allowances
These arise where the qualifying activity is the special leasing of plant and machinery (within CAA 2001, s. 19 and s. 260).