consortium relief
Companies which do not qualify for group relief may qualify for consortium relief. Where a company is owned by a consortium company, group relief can be surrendered from the consortium to companies in the same group as the consortium members and from such group companies to the consortium company (sections 402–413, Income and Corporation Taxes Act 1988) subject to various anti-avoidance provisions.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • consortium relief — A modified form of group relief applying to consortia. A consortium is held to exist if 20 or fewer companies each own at least 5% of the ordinary share capital of the consortium company and together the consortium members hold at least 75% of… …   Accounting dictionary

  • consortium relief — A modified form of group relief applying to consortia. A consortium is held to exist if 20 or fewer companies each own at least 5% of the ordinary share capital of the consortium company and together the consortium members hold at least 75% of… …   Big dictionary of business and management

  • consortium — con·sor·tium /kən sȯr shəm; shē əm/ n pl sor·tia / shə, shē ə/ also sortiums [Latin, sharing, partnership, from consort consors sharer, partner] 1: an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond… …   Law dictionary

  • consortium — A combination of two or more businesses formed on a temporary basis, often to quote for and carry out a single large project. The purpose of forming a consortium may be to eliminate competition between the members or to pool skills, not all of… …   Accounting dictionary

  • consortium — A combination of two or more businesses formed on a temporary basis, often to quote for and carry out a single large project. The purpose of forming a consortium may be to eliminate competition between the members or to pool skills, not all of… …   Big dictionary of business and management

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  • group relief — Relief available to companies within a 75% group as a result of which qualifying losses can be transferred to other group companies. The losses transferred are available to set against the other group members profits chargeable to corporation tax …   Accounting dictionary

  • group relief — Relief available to companies within a 75% group as a result of which qualifying losses can be transferred to other group companies. The losses transferred are available to set against the other group members profits chargeable to corporation tax …   Big dictionary of business and management

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