SCHEDULES
SCHEDULE 8Loan relationships: claims relating to deficits
Claim to treat deficit as eligible for group relief
2
1
This paragraph applies where the company makes a claim under section 83(2)(b) of this Act for the whole or any part of the deficit to be treated as eligible for group relief.
2
The amount to which the claim relates shall be treated as if, for the purposes of subsection (1) of section 403 of the Taxes Act 1988 (group relief for trades)—
a
it were a loss incurred in the deficit period by a company carrying on a trade; and
b
the exclusions in subsection (2) of that section did not apply.