Practical Law UK Glossary 8-107-7532 (Approx. 3 pages)
Glossary
Consortium relief
Companies that do not qualify for group relief may qualify for consortium relief. Where a company is owned by a consortium, group relief can be surrendered from the consortium company to consortium members or companies in the same group as the consortium members, and from such consortium members and group companies to the consortium company (Chapter 4 of Part 5, Corporation Tax Act 2010) subject to various anti-avoidance provisions.