Client has projected losses for y/e 31/12/09. Claimed group relief in 2008.
Under FA09, losses in period can be carried back up to 3 years, subject to £50k cap, ie full carry back to 2008, £50k to 2007 and £50k to 2006.
Can I just confirm that there is no need to withdraw group relief claim in 2008 to utilise £50k carry back to 2007 and 2006?
Or do they have to carry back to 2008 in order to make £50k carry backs to 2007 and 2006?