Part 2 RPDT Group Relief
Finance Act 2022 (2022 c 3) | Legislation

Part 2 RPDT Group Relief

Introduction

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(1)     This Part of this Schedule allows—

(a)     a company (“the surrendering company”) to surrender an adjusted trading loss it has for an accounting period to another company (“the claimant company”) that is part of the same relief group, and

(b)     enables the claimant company to claim relief from RPDT for that loss.

(2)     The relief mentioned in sub-paragraph (1) is called “RPDT group relief”.

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In this Part of this Schedule, in relation to an adjusted trading loss that a company has for an accounting period—

“surrender period” means an accounting period for which the surrendering company has the loss;

“surrenderable amounts” means an adjusted trading loss so far as eligible for surrender under this Part of this Schedule.

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In this Part of this Schedule, “company” means any body corporate.

Surrender of company's losses for an accounting period

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(1)     Sub-paragraph (2) applies if—

(a)     a surrendering company has an adjusted

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