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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(3) Where for any accounting period another member of the group of companies of which the group/consortium company is a member has a loss or other amount available for relief and one or more group claims is or are in fact made in respect of that loss or other amount, account shall be taken of the relief so claimed before determining (in relation to the loss or other amount of the group/consortium company) the potential relief attributable to group claims under sub-paragraph (2) above.