Section 188CB | Claims in relation to all the surrenderable amounts ^F1

(1)This section applies in relation to the surrendering company's surrenderable amounts for the surrender period under Chapter 2.^F1

(2)If the requirements in subsection (3) are met, a company (“the claimant company”) may make a claim for group relief for carried-forward losses for an accounting period (“the claim period”) in relation to the surrenderable amounts.^F1

(3)The requirements are as follows—^F1

Requirement 1 The surrendering company consents to the claim.

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

Requirement 3 At a time during the overlapping period—

(a)the group condition is met (see section 188CE)

(b)consortium condition 1 is met (see section 188CF), or

(c)consortium condition 2 is met (see section 188CG).

(4)A claim under this section may relate to the whole of the surrenderable amounts or to part of them only.^F1

(5)This section is subject to section 188CD (claim not allowed by company with unused carried-forward losses of its own).^F1