Section 676CD — Corporation Tax Act 2010: Cases where consortium condition 3 or 4 was previously met

Cases where consortium condition 3 or 4 was previously met 676CD 1 If the requirement in subsection (3) is met, section 676CB(3) does not prevent a company from making under section 188CC a claim for group relief for carried-forward losses falling within subsection (2).

2 A claim falls within this subsection if it is—

a for an accounting period (“the claim period”) ending after the change in ownership, and b in relation to an amount surrendered by the transferred company which is a relevant pre-acquisition loss and is attributable to an accounting period of that company specified in the claim (“the specified loss-making period”).

3 The requirement is that consortium condition 3 or consortium condition 4 is met throughout a period which—

a begins before or during the specified loss-making period, and b ends with or after the time when the change in ownership occurs.

4 For the purposes of a claim by virtue of this section, section 188CC(3) has effect as if requirement 3 were omitted.