Corporation Tax Act 2010 section 269DBA

Meaning of "non-banking group relief for carried-forward losses"

Section 269DBA defines what is meant by "non-banking group relief for carried-forward losses" for the purposes of the banking surcharge rules.

• Non-banking group relief for carried-forward losses is group relief for carried-forward losses arising from periods when the surrendering company was not a banking company.
• The losses or other amounts must relate to a surrender period during which the surrendering company did not have banking company status.
• The definition is relevant to calculating the surcharge on banking companies under section 269DA.
• The terms "surrendering company" and "surrender period" take their meanings from the group relief for carried-forward losses rules in Part 5A of the Act.