S.L. 123.88 Art. 8Restriction of group relief and entitlement to succession of losses.

(1) A finance leasing company shall be deemed not to constitute part of a group of companies for the purposes of articles

16 to 22 of the Act.

(2) No successor in title shall be entitled to any set off, or other benefit or relief, in respect of any losses incurred by a finance leasing company, nor shall a finance leasing company be entitled, as a successor in title, to any set off, or other benefit or relief, in respect of any losses incurred by any other company.

(3) Any losses incurred by a finance leasing company can only be set off against profits from the same activity.