Group and consortium relief | Practical Law

Group and consortium relief | Practical Law

This note discusses the UK group relief and consortium relief rules, under which one company may surrender losses and other amounts to another so that the latter may obtain tax relief. It discusses the conditions for relief, the losses surrenderable and the constraints on surrenders. It also considers payments for surrenders, cross-border issues and administrative requirements.

Group and consortium relief

Practical Law UK Practice Note w-018-6383 (Approx. 51 pages)

Group and consortium relief

by Practical Law Tax (based on material originally contributed by Tony Beare, Slaughter and May)
MaintainedUnited Kingdom
This note discusses the UK group relief and consortium relief rules, under which one company may surrender losses and other amounts to another so that the latter may obtain tax relief. It discusses the conditions for relief, the losses surrenderable and the constraints on surrenders. It also considers payments for surrenders, cross-border issues and administrative requirements.