CTM82110 - Reform of Corporation Tax loss relief: Group relief for carried-forward losses: General limit of relief

CTA10/S188DB

The amount of relief that can be given for group relief for carried-forward losses is limited to the lower of:

• the unused parts of the surrenderable amounts, and
• the claimant company’s relevant maximum for the overlapping period less any amount previously claimed for the same period (CTA10/S188DB(3)).

General restriction on relief for carried-forward losses

The group relief for carried-forward losses available to the claimant company is subject to the general restriction on relief for carried-forward losses as set out in CTA10/S269ZD.