PART 32021 loss carry-back allocation statement
The 2021 nominated company8
1
A member of a 2021 group (the “2021 nominated company”) may be nominated to submit a 2021 loss carry-back allocation statement on behalf of that 2021 group by—
a
the ultimate parent of that 2021 group,
b
all of the members of that 2021 group together, or
c
any two or more members of that 2021 group together, with the consent of the appropriate person on behalf of the ultimate parent of that 2021 group.
2
The nomination must be—
a
made in writing, and
b
signed by the appropriate person on behalf of each company making the nomination.
3
Only one company may, for the time being, be the 2021 nominated company in respect of a 2021 group.
4
Once a nomination is made, it has effect until substituted by a new nomination made by—
a
the ultimate parent of that 2021 group,
b
all of the members of the 2021 group, or
c
any two or more members of that 2021 group together, with the consent of the appropriate person on behalf of the ultimate parent of that 2021 group.
5
Consent is deemed to be given under sub-paragraph (c) of paragraph (1) and sub-paragraph (c) of paragraph (4) where—
a
the appropriate person on behalf of the ultimate parent is notified in writing of the companies’ intention to make a nomination, and
b
the ultimate parent does not object within 7 days of receipt of the notification.