Finance (No. 2) Act 2015 (c. 33)

PART 4 U.K. Income tax, corporation tax and capital gains tax

Corporation tax U.K.

35 Group relief U.K.

(1) In section 133 of CTA 2010 (claims for group relief: consortium conditions 2 and 3)—

(a) in subsection (1)—

(i) at the end of paragraph (e) insert “ and ”, and

(ii) omit paragraph (g) and the “and” before it,

(b) in subsection (2)—

(i) at the end of paragraph (e) insert “ and ”, and

(ii) omit paragraph (g) and the “and” before it, and

(c) omit subsections (5) to (8).

(2) Accordingly—

(a) in section 129(2) of CTA 2010 for “134A” substitute “ 134 ”,

(b) in section 130(2) of that Act—

(i) in paragraph (c), for “and (3) to (8)” substitute “ , (3) and (4) ”, and

(ii) in paragraph (d), for “(8)” substitute “ (4) ”,

(c) omit section 134A of that Act, and

(d) in Schedule 6 to the Finance (No. 3) Act 2010, omit paragraphs 4(4) and 5.

(3) The amendments made by this section have effect in relation to accounting periods beginning on or after 10 December 2014.