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HMRC internal manual

Corporate Intangibles Research and Development Manual

From
HM Revenue & Customs
Updated
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R&D tax relief: SME scheme: restriction of consortium relief

CTA09/S1049

A consortium may own a SME that is entitled to R&D tax relief (see CTM80530).

In such a case the company cannot surrender any losses as group relief (see CTM80115) to consortium members that are not SMEs.