CTM80143 | Groups: group relief: order of relief for amounts which can be surrendered
From HM Revenue & Customs · Company Taxation Manual
The legislation provides an order of surrender for “relevant amounts” (). The amount surrendered is treated as ():
a. first, charitable donations within ,
b. second, UK property business losses within ,
c. third, management expenses within , and
d. fourth, non-trading losses on intangible assets within .