(1) Chapter 5 of Part 12 of the Principal Act is amended -
(a) in section 411 -
(i) by substituting the following for subsection (2):
"(2) Subject to subsection (2A), relief for -
(a) trading losses and other amounts eligible for relief from corporation tax, and
(b) trading losses incurred by non-resident companies and other amounts not otherwise eligible for relief from corporation tax,
may in accordance with this Chapter be surrendered by a company (in this Chapter referred to as the 'surrendering company') which is a member of a group of companies and, on the making of a claim by another company (in this Chapter referred to as the 'claimant company') which is a member of the same group, may be allowed to the claimant company by means of a relief from corporation tax (in this Chapter referred to as 'group relief ').",
and
(ii) by inserting the following after subsection (2):
"(2A) Where the trading losses or other amounts are of the type referred to in paragraph (b) of subsection (2)
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