Paragraph 12 Introduction

United Kingdom

(1)

This Part of this Schedule—

(a)

allows a company (“the surrendering company”) 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 company”) 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 losses”.