Corporation Tax Act 2010 section 130

Group relief claims on amounts surrenderable under Chapter 2

Section 130 sets out the basic rules that must be satisfied before a company can claim group relief in respect of losses and other amounts surrendered by a UK related company.

• A claimant company may claim group relief (in whole or in part) against the surrenderable amounts of another company, provided the surrendering company consents to the claim.
• The claimant's accounting period and the surrendering company's surrender period must share a common timeframe, known as the overlapping period.
• During the overlapping period, at least one qualifying relationship must exist: a group relationship, or one of three consortium conditions (with or without a link company), and all relevant companies must be UK related.
• More than one company may claim group relief against the same surrenderable amounts, but the total relief given across all claims cannot exceed the amounts available for surrender.