Section 188EB | Limitation on amount of relief applying to all claims under section 188CC

(1)The amount of group relief for carried-forward losses to be given on a claim under section 188CC (“the current claim”) is limited to whichever is the lesser of—

(a)the amount mentioned in subsection (2),

(b)the amount mentioned in subsection (3), and

(c)the amount mentioned in subsection (4).

(2)The amount referred to in subsection (1)(a) is the unused part of the surrenderable amounts that are attributable to the specified loss-making period (see section 188EC).

(3)The amount referred to in subsection (1)(b) is the difference between—

(a)the claimant company's relevant maximum for the overlapping period (see section 188ED), and

(b)the amount of previously claimed group relief for carried-forward losses for the overlapping period (see section 188EE).

(4)The amount referred to in subsection (1)(c) is the potential Part 5 group relief amount (see section 188EF).