Section 188DB — Corporation Tax Act 2010: Limitation on amount of relief applying to all claims under section 188CB

Limitation on amount of relief applying to all claims under section 188CB 188DB 1 The amount of group relief for carried-forward losses to be given on a claim under section 188CB (“the current claim”) is limited to whichever is the lesser of—

a the amount mentioned in subsection (2),

and b the amount mentioned in subsection (3).

2 The amount referred to in subsection (1)(a) is the unused part of the surrenderable amounts (see section 188DC).

3 The amount referred to in subsection (1)(b) is the difference between—

a the claimant company's relevant maximum for the overlapping period (see section 188DD),

and b the amount of previously claimed group relief for carried-forward losses for the overlapping period (see section 188DE).