835AAH Group ratio

Summary

This section sets out the rules in relation to the group ratio.

Details

(1) Subject to section 835AAJ (2) and (3), this section allows a relevant entity to make an election where the group ratio for an accounting period exceeds 30%.

(2) Where an election is made under subsection (1), the definition of “allowable amount” for an accounting period is adjusted such that ‘30%’ is replaced by the group ratio.

Relevant Date: Finance Act 2021