Patent Box: relevant IP losses: transfer of a trade between group members
Where a company:
- has a set-off amount in relation to a trade of the company for an accounting period,
- is a member of a group, and
- ceases to carry on the trade,
then where another company (‘the transferee’) that is a member of the group begins to carry on that trade, then an amount equal to the set-off amount is to become, or be added to, the set-off amount in relation to the trade of the transferee for the accounting period in which the transferee begins to carry on the trade.