Section 188DL | Conditions 1 and 2: claimant company in group of companies ^F1

(1)This section applies if—

(a)the claimant company makes a claim under section 188CB based on consortium condition 1 or 2, and

(b)the claimant company is a member of a group of companies.

(2)In determining the claimant company's relevant maximum for the overlapping period under section 188DD, the amount calculated at step 1 of that section is to be treated as reduced (but not below nil) by the group's potential relief.

(3)The group's potential relief is the sum of—

(a)the maximum amount of group relief for carried-forward losses that could be claimed by the claimant company for the claim period on claims under section 188CB based on the group condition, and

(b)the maximum amount of group relief under Part 5 that could be claimed by the claimant company for the claim period on claims under section 130 based on the group condition.

(4)Before determining the maximum amount of potential group relief for carried-forward losses or potential group relief under subsection (3) take account of any claim made before the claim mentioned in subsection (1) that—

(a)is a claim for group relief or group relief for carried-forward losses based on the group condition made by another member of the same group of companies as the claimant company, and

(b)is in relation to losses or other amounts surrendered.