Section 369 — Corporation Tax Act 2009: Carry forward of claims where there are no net consortium debits

Carry forward of claims where there are no net consortium debits 369 1 This section applies if for any group accounting period there is—

a a claim by the member company or a group member for group relief in respect of an amount which may be surrendered as group relief by debtor consortium companies (as reduced under section 368, if it applies),

and b no net consortium debit in respect of the relevant consortium creditor relationships.

2 The claim (as so reduced) is carried forward and treated for the purposes of section 365—

a as increasing any such claim for group relief made by the claimant company for its next accounting period, or b if apart from this subsection there would be no such claim, as being such a claim.