Part 3 RPDT Group Relief for Carried-Forward Losses
Finance Act 2022 (2022 c 3) | Legislation

Part 3 RPDT Group Relief for Carried-Forward Losses

Introduction

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(1)     This Part of this Schedule—

(a)     allows a company (“the surrendering company”) to surrender an adjusted trading loss that has been carried forward to an accounting period of the company (see Part 1 of this Schedule) 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 those losses.

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

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In this Part of this Schedule, in relation to losses that a company has carried forward to an accounting period—

“surrender period” means an accounting period to which the surrendering company has carried forward losses;

“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 carried-forward losses for an accounting period

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(1)     Sub-paragraph (2) applies if—

(a)

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