What is Group Relief (GR)
Group relief (GR) is a system which considers group companies as one single company. Under the GR system, the unutilised capital allowances/trade losses/donations of the current year of one company will be deducted from the assessable income of the other company of the same group.
The unutilised capital allowances/trade losses/donations are also called "loss items".
The company which transfers any of its loss items is called 'transferor'.
The company which receives is called 'claimant'.
Starting from the Year of Assessment 2003, a transferor may transfer its loss items to a claimant to be deducted from the assessable income of the claimant. However, the transferor and claimant must be in the same group.
Frequently Asked Questions & How to Complete the Group Relief Forms (440KB)