Group relief for carried-forward losses
24(1)Section 188DD (claimant company’s relevant maximum for overlapping period in case of claim under section 188CB) is amended as follows.
(2)In subsection (3)—
(a)for “relevant” (in both places) substitute “qualifying”, and
(b)for “section 269ZD(5)” (in both places) substitute “subsection (3A)”.
(3)After subsection (3) insert—
“(3A)The claimant company’s “qualifying profits” for the claim period are—
(a)the amount given by paragraph (1) of step 1 in section 269ZF(3) in determining the company’s qualifying trading profits and qualifying non-trading profits for the period, less
(b)the amount given by paragraph (1) of step 2 in section 269ZF(3) in determining those profits for the period.”