520.This section restricts the amount of group relief to the profits available to absorb it. It is based on section 403A of ICTA.
521.It compares the “unused part of the surrenderable amounts” (defined in section 139) with the “unrelieved part of the claimant company’s available total profits” (defined in section 140). The amount of group relief is restricted to the lower of the two compared amounts.
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