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

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

a the amount mentioned in subsection (2),

b the amount mentioned in subsection (3),

and c the amount mentioned in subsection (4).

2 The amount referred to in subsection (1)(a) is the unused part of the surrenderable amounts that are attributable to the specified loss-making period (see section 188EC).

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 188ED),

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

4 The amount referred to in subsection (1)(c) is the potential Part 5 group relief amount (see section 188EF).