Annex 1: Minor changes in the law Change 25: Group relief: restriction of surrender by company owned by consortium: section 148
This change relaxes the restriction that is made when group relief is surrendered by a company that is owned by a consortium and is also a member of a group.
The policy is that the total relief surrendered outside the group should not exceed the net loss (if any) of the group as a whole. So the losses etc of the surrendering company are treated for this purpose as reduced by any group relief claims that could be made by other companies in the group.