Corporation Tax Act 2010 section 142

Meaning of "the overlapping period"

Section 142 defines "the overlapping period" for the purposes of group relief claims, and explains what happens when the conditions for group relief are not met throughout that period.

• The overlapping period is the timespan common to both the surrendering company's surrender period and the claimant company's claim period.
• Any part of the overlapping period during which the relevant group relief condition is not satisfied is excluded and treated as falling outside the overlap for both companies.
• The group relief condition that must be met is whichever of the group condition or consortium conditions 1, 2 or 3 forms the basis of the particular claim.
• These rules are relevant to the calculations in sections 139 and 140 which determine how much group relief can be claimed.