Part 2 RPDT Group Relief
Finance Act 2022 (2022 c 3) | Legislation

Part 2 RPDT Group Relief

Introduction

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(1)     This Part of this Schedule allows—

(a)     a company (“the surrendering companyâ€) to surrender an adjusted trading loss it has for an accounting period to another company (“the claimant companyâ€) that is part of the same relief group, and

(b)     enables the claimant company to claim relief from RPDT for that loss.

(2)     The relief mentioned in sub-paragraph (1) is called “RPDT group reliefâ€.

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In this Part of this Schedule, in relation to an adjusted trading loss that a company has for an accounting period—

“surrender period†means an accounting period for which the surrendering company has the loss;

“surrenderable amounts†means an adjusted trading loss so far as eligible for surrender under this Part of this Schedule.

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In this Part of this Schedule, “company†means any body corporate.

Surrender of company's losses for an accounting period

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(1)     Sub-paragraph (2) applies if—

(a)     a surrendering company has an adjusted

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