Group Relief definition

Group Relief means any of the following:
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Group Relief means any loss, allowance or other amount eligible for surrender by way of group relief in accordance with the provisions contained in sections 402 to 413 ICTA and any advance corporation tax eligible for surrender in accordance with section 240 ICTA;
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Group Relief the meaning given to that expression by section 402 ICTA
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Examples of Group Relief in a sentence

  • It is also Group policy not to reimburse entities for Group Relief surrendered unless, on a stand-alone basis and assuming the entity were not in the Group, those losses are judged to have value to the entity generating the loss.

  • A claim to Group Relief shall be made in accordance with the provisions of the Tax Rules (TAX 9).

  • If the Tax Department discover that any Group Relief which has been given is, or has become, excessive they may make an assessment to tax in the amount which in their opinion ought to be charged.

  • A payment for Group Relief, up to the amount of that relief, shall not be taken into account in computing Chargeable Profits or tax losses of either the Surrendering Entity or the Claimant Entity.

  • Group Relief shall be available where the Surrendering Entity and the Claimant Entity are both members of the same Group.


More Definitions of Group Relief

Group Relief has the meaning set forth in Section 3.14(a) hereof.
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Group Relief has the meaning given to it in the Tax Deed;
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Group Relief means any Relief surrendered or claimed pursuant to Chapter IV of Part X of the Taxes Act, advance corporation tax surrendered or claimed pursuant to section 240 of the Taxes Act, any tax refund surrendered or claimed pursuant to section 102 Finance Xxx 0000;
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Group Relief means relief under schedule 10,
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Group Relief means any Relief which is capable of being surrendered or reallocated between persons for Tax purposes;
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Group Relief shall have the meaning attributed thereto by Variable Assumption 1.11.2
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Group Relief means the group relief for U.K. corporation tax purposes contained in Chapter IV of Part X of the Taxes Act relating to the surrender of Tax losses between members of the same group and any equivalent system outside the United Kingdom for the surrender of Tax losses between members of a group.
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