Section 188DL — Corporation Tax Act 2010: Conditions 1 and 2: claimant company in group of companies

Conditions 1 and 2: claimant company in group of companies 188DL 1 This section applies if—

a the claimant company makes a claim under section 188CB based on consortium condition 1 or 2, and b the claimant company is a member of a group of companies.

2 In determining the claimant company's relevant maximum for the overlapping period under section 188DD, the amount calculated at step 1 of that section is to be treated as reduced (but not below nil) by the group's potential relief.

3 The group's potential relief is the sum of—

a the maximum amount of group relief for carried-forward losses that could be claimed by the claimant company for the claim period on claims under section 188CB based on the group condition, and b the maximum amount of group relief under Part 5 that could be claimed by the claimant company for the claim period on claims under section 130 based on the group condition.

4 Before determining the maximum amount of potential group relief for carried-forward losses or potential group relief under subsection (3) take account of any claim made before the claim mentioned in subsection (1) that—

a is a claim for group relief or group relief for carried-forward losses based on the group condition made by another member of the same group of companies as the claimant company, and b is in relation to losses or other amounts surrendered.