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.^F1F2F3F4

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).