Finance Act 2022

24 Cross-border group relief

(1) CTA 2010 is amended as follows.

(2) In section 107 (restriction on losses etc surrenderable by non-UK resident)—

(a) omit subsections (1A), (6A), (6B), (10) and (11);

(b) in subsection (2) omit “In any other case,”;

(c) in subsection (7) omit “or (6B)”.

(3) In Part 5 (group relief), omit Chapter 3 (surrenders made by non-UK resident company resident or trading in the EEA).

(4) In section 188BI (restriction on surrender of losses made when non-UK resident)—

(a) omit subsections (2), (8), (9), (13) and (14);

(b) in subsection (3) omit “In any other case,”;

(c) in subsection (10) omit “or (9)”.

(5) In Schedule 4—

(a) Part 1 makes amendments consequential on this section, and

(b) Part 2 makes provision as to commencement.