Share this content

Group Relief, different YEs

How is it dealt with in practice?

I don’t know why, but I feel that this should be obvious to me, but isn’t. 

Co S is a 100% subsid of P. S has a YE of March 18, P Dec 17. S makes a loss of £120k and wants to group relieve it to P. Clearly P can claim £90k in 2017 & £30k in 2018, but in practice how do I show this on the CT600s? 

Does S only group relieve £90k in March 18, the remaining £30k in March 19?

If the full £120k is relieved in March 2018, how does P show this on its CT600 - the relief approval from S will show £120k?


New but related Q - if the loss maker (S) has a YE of Dec 17 and the relief recipient (P) has a YE of March 18, can 3/12 of the loss be carried back to P’s March 17 CT?



Please login or register to join the discussion.

20th Jul 2018 16:24

You have to apportion the loss for the year into two parts, Apr - Dec and Jan - Mar. The loss maker S has two separate surrenders to P in its CT return to March 18, showing P's to APEs Dec 17 and Dec 18. They correspond to the claims in P's two CT returns.

Thanks (0)
to Alastair Johnston
20th Jul 2018 16:36

...and P would then submit the relevant surrender with each CT600.

That makes perfect sense, thank you.

I knew it would be obvious!

Thanks (0)
Share this content