INTM254270 | Controlled Foreign Companies: legislation - introduction and outline: Reliefs

A company which is charged to tax under Chapter IV is entitled to claim set off of certain reliefs against the tax payable. The reliefs which qualify for set-off are trading losses, non-trading deficits on loan relationships, management expenses, certain capital allowances and group relief. The method of giving relief and the time limits for a claim are given at INTM256110 to INTM256160.