COM53080 - Claims / reliefs: other reliefs: group relief - how much can be claimed

A group relief claim may be made for less than the amount available for surrender by the surrendering company, but no claim may be made for more than the total amount it has available for surrender (Paragraph 69(1) and (2)).

The total amount available for surrender is calculated as follows:

Step 1

Calculate

• The total amount of group relief the surrendering company could surrender under the rules in Section 403 ICTA 1988 on the basis of the information in its return

Step 2

Deduct

• The total of all the group relief for the same AP for which the company has already given notices of consent

If a company makes and withdraws group relief claims on the same day, give effect to the withdrawals first. (Paragraph 69(4))

If a group relief claim is for more than the surrendering company has available for surrender at the time the claim is made, the claim is ineffective (Paragraph 69(2)).

If some claimant companies, together, claim on the same day for an amount greater than the amount available for surrender from a particular surrendering company, you may decide which claims to give effect to and which are to be ineffective. You should exercise this power so as to treat as ineffective the claims, or combination of claims, in the lowest amounts consistent with bringing the total claimed within the limit of the amount available for surrender (Paragraph 69(5) and (6)).

Once you have established the appropriate figure of group relief

• Use Function RAMA (Record / Amend Assessment) to record a self assessment (Word 28KB) or a Taxpayer Amendment (Word 30KB) to give effect to the relief

For a list of functions to use in particular situations, see COM53012.

For legislation applying to this subject, see COM53013.