CTM80140 - Groups: group relief: excess management expenses

ICTA88/S403 (1) and (3), ICTA88/S403ZD (4), ICTA88/S403ZE

Excess management expenses can be surrendered and claimed as group relief ( CTM81500).

This does not apply where the surrendering company carries on the business of life assurance.

The amount that can be surrendered is the excess of management expenses for the accounting period over all the other profits of the accounting period ( CTM80142). It does not include management expenses brought forward from another accounting period under ICTA88/S75 (3).

See the example at CTM80445.