CTM80550 - Consortia: group relief: extension to companies in same group as consortium member

ICTA88/S406

Section 406 extends consortium relief so that relief may be claimed from, and surrendered to, other companies in the same group as a member of the consortium.

• A link company is a company that is a member of a consortium and also a member of a group of companies.
• A consortium company, in relation to a 'link company', means a company owned by the consortium of which the 'link company' is a member.
• A group member, in relation to a 'link company', means a company in the same group as the 'link company'. Another company in the same group as the 'link company' which is itself a member of the consortium cannot be a 'group member' for this purpose.

There is a diagram showing the meaning of these terms at CTM80590.

For guidance on claims by group members see CTM80555 and for surrenders by them see CTM80560.