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Consortia

This guidance applies to periods of account beginning before 1 January 2005

Companies in a consortium may not have been connected under FA96/S87, so the restriction on bad debt relief in FA96/SCH9/PARA6 may not have applied. However, consortium members, like group companies, could also get double relief through a combination of bad debt and consortium relief. For this reason there were restrictions, in certain circumstances, on

• the amount of bad debt relief that a company can have where there has been a claim to group relief, and
• the amount of group relief that can be claimed where the company has had bad debt relief.

»Ê¹ÚÌåÓýappre are full details of the restrictions under the old rules for bad debts and consortium claims at CFM81300+.