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Group relief details |
See Also
Amounts claimed as group relief | Amounts surrendered as group relief
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
This is one of the standard 'P' series of schedules, and displays the amount of available losses transferred from the other schedules together with amounts that have been surrendered using the developed Group relief surrendered schedule.
This schedule is a master schedule and is automatically developed in every file.
There is a flag on the schedule with the caption Add back deduction for capital losses b/fwd in calculating gross profits?. This may be set to either Yes or No, as appropriate.
Prior to FY2004, the default behaviour of this flag was to prevent the deduction for brought forward capital losses in computing gross profits for group relief purposes. However, for new files from FY2004, the default behaviour of this flag is now to allow the deduction. Therefore, you should consider whether you need to alter the setting of this flag and change it if required.
On carry forward, this schedule is automatically present in the subsequent computation.
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