Section HA 22 — Income Tax Act 2007: Group companies using tax losses

HA 22 Group companies using tax losses When this section applies (1) This section applies if a qualifying company is in the same group of companies as a company with a tax loss ( company A ). When tax losses available (2) The amount of company A’s tax loss is available to the qualifying company to use under section IA 3(2) (Using tax losses in tax year) only if— (a) company A is also a qualifying company; and (b) the requirements of section IC 5 (Company B using company A’s tax loss) are met. Defined in this Act: amount , company , group of companies , qualifying company , tax loss , Compare: 2004 No 35 s HG 10(b)