Group Relief
/ˈɡruːp rɪˈliːf/
Definitions
- (n.) A tax mechanism allowing companies within a corporate group to offset profits and losses against each other for tax purposes.
The company applied for group relief to reduce its overall tax liability by offsetting losses from one subsidiary against profits from another.
Forms
- group relief
- group reliefs
Related terms
See also
Commentary
Group relief is often subject to strict eligibility criteria and is relevant in jurisdictions with group taxation regimes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.