[F1188CBClaims in relation to all the surrenderable amountsU.K.
(1)This section applies in relation to the surrendering company's surrenderable amounts for the surrender period under Chapter 2.
(2)If the requirements in subsection (3) are met, a company (“the claimant company”) may make a claim for group relief for carried-forward losses for an accounting period (“the claim period”) in relation to the surrenderable amounts.
(3)The requirements are as follows—
Requirement 1 The surrendering company consents to the claim.
Requirement 2 There is a period (“the overlapping period”) that is common to the claim period and the surrender period.
Requirement 3 At a time during the overlapping period—
(a)the group condition is met (see section 188CE)
(b)consortium condition 1 is met (see section 188CF), or
(c)consortium condition 2 is met (see section 188CG).
(4)A claim under this section may relate to the whole of the surrenderable amounts or to part of them only.
(5)This section is subject to section 188CD (claim not allowed by company with unused carried-forward losses of its own).]
Textual Amendments
F1Pt. 5A inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 23
Modifications etc. (not altering text)
C1S. 188CB(3) applied (with effect in accordance with Sch. 4 para. 190 of the amending Act) by 1998 c. 36, Sch. 18 para. 70(1) (as substituted) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 114(2)