Group Relief definition

Group Relief means any of the following:
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Group Relief means any loss, deficit, deduction or other amount eligible for surrender by way of group relief in accordance with the provisions contained in Parts 5 and 5A of the Corporation Tax Act 2010 of the UK.
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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).

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

  • 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.


More Definitions of Group Relief

Group Relief means (a) any Relief surrendered or claimed pursuant to Chapter IV of Part X ICTA; (b) any ACT surrendered or claimed pursuant to section 240 ICTA; (c) any refund of Tax surrendered or claimed pursuant to section 102 FA 1989; and (d) any Relief obtained as a result of an election made jointly with another company pursuant to section 171A or 179A TCGA or pursuant to paragraph 66 Schedule 29 FA 2002.
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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 or all of the following:
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Group Relief means relief under schedule 10,
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Group Relief means the surrender of losses or other amounts eligible for surrender under Part 5 or Part 5A of the Corporation Tax Act 2010.
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Group Relief shall have the meaning attributed thereto by Variable Assumption 1.11.2
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