Paragraph 17 Giving of RPDT group relief for carried-forward losses
United Kingdom
(1)
If a claimant company makes a claim under paragraph 16, the relief is to be given effect in accordance with section 38 as “allowable RPDT group relief for carried-forward losses”.
(2)
The amount of the relief is—
(a)
an amount equal to the surrendering company’s surrenderable amounts for the surrender period, or
(b)
if the claim is in relation to only part of those amounts, an amount equal to that part.
But this is subject to section 42 and paragraph 18.
(3)
The deduction of the relief under section 38 is to be made after the deduction of any relief under Part 1 or 2 of this Schedule.