Claims for losses etc. of a group/consortium company

Part of Orders of the Day — Finance Bill – in the House of Commons at 12:45 am on 10th July 1985.

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2.—(1) For the purpose of a consortium claim in respect of the loss or other amount of any relevant accounting period of a group/consortium company, that loss or other amount shall be treated as reduced (or, as the case may be, extinguished) by first deducing therefrom the potential relief attributable to group claims.