Section 130 | Group relief claims on amounts surrenderable under Chapter 2

(1)This section applies in relation to the surrendering company's surrenderable amounts for the surrender period under Chapter 2.

(2)A company (“the claimant company”) may make a claim for group relief for an accounting period (“the claim period”) in relation to those amounts (in whole or in part) if the following requirements are met.

Requirement 1The surrendering company consents to the claim.

Requirement 2There is a period (“the overlapping period”) that is common to the claim period and the surrender period.

Requirement 3At a time during the overlapping period—

(a)the group condition is met (see section 131),

(b)consortium condition 1 is met (see section 132),

(c)consortium condition 2 is met (see section section 133(1), (3) and (4)), or

(d)consortium condition 3 is met (see section 133(2) to (4)).

(3)More than one company may make a claim for group relief in relation to any surrenderable amounts (but the giving of group relief in relation to any claim is subject to the provisions of this Chapter).