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 companyâ€) 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 companyâ€) 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 lossesâ€.

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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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