Corporation Tax Act 2010 section 676CA

Introduction to Chapter

Section 676CA introduces the rules that restrict group relief for carried-forward losses where there has been a change in ownership of the company wishing to surrender those losses.

• This chapter applies whenever there is a change in ownership of a company on or after 1 April 2017.
• The company whose ownership changes is referred to throughout the chapter as "the transferred company".
• The rules concern group relief for carried-forward losses under Part 5A of the Corporation Tax Act 2010.
• The chapter uses two defined terms — "the change in ownership" and "the transferred company" — which carry the same meaning throughout.