Paragraph 162

After section 269DB insert—

“Meaning of “non-banking group relief for carried-forward losses”

269DBA

(1)

In section 269DA(2) “non-banking group relief for carried-forward losses” means group relief for carried-forward losses that relates to losses or other amounts that the surrendering company has for a surrender period in relation to which it is not a banking company.

(2)

In this section “surrendering company” and “surrender period” have the same meaning as in Part 5A (see section 188FD).”