Corporation Tax Act 2009 section 369

Carry forward of claims where there are no net consortium debits

Section 369 explains what happens to a group relief claim relating to consortium debt when there is no net consortium debit in the relevant accounting period — the claim is carried forward to the next period.

• This section applies where a group relief claim is made in respect of amounts surrenderable by debtor consortium companies, but there is no net consortium debit for the period
• The group relief claim (after any reduction under section 368) is carried forward to the next accounting period
• The carried-forward amount is treated as increasing any existing group relief claim made by the same claimant company for that next period
• If no group relief claim would otherwise exist for the next period, the carried-forward amount is treated as being a new group relief claim in its own right