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Special Committee Corporation Tax Bill, 1975 debate -
Tuesday, 2 Mar 1976

SECTION 117.

Question proposed: " That section 117 stand part of the Bill."

This section provides that group relief can be allowed only against the claimant company's profits for the accounting period as reduced by any other reliefs except those derived from a subsequent accounting period. I have illustrated this in examples.

Question put and agreed to.
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