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Corporation Tax Act 2010

Corporation Tax Act 2010

2010 CHAPTER 4

Introduction

Part 5: Group relief

Chapter 7: Miscellaneous provisions and interpretation of Part
Section 184: References to “allowance” in CAA 2001

734.This section clarifies the position if capital allowances are surrendered as group relief. It is based on section 411 of ICTA.

735.Capital allowances surrendered as group relief still count as having been made to the surrendering company. This means that a balancing charge on the surrendering company takes into account those surrendered allowances.

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