Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
, see all updates

Groups: rebasing: elections out of kink test: joining after relevant time

In general a company cannot make an election at a time when it is a member but not the principal company of a group. But this rule does not apply to a company joining a group after the group’s relevant time. If a company which is not covered by an election joins a group after the group’s relevant time, the company will have the right to make its own election, subject to the statutory time limit.