| 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, thus reducing the overall tax liability for the group. A 75% group, for group relief, exists if one company holds 75% or more of: ● list align="left", ● the ordinary share capital, and ● the distributable income rights, and ● the rights to the net assets in a winding-up. |