PART V MISCELLANEOUS RELIEFS

C1CHAPTER I BUSINESS PROPERTY

Annotations:
Modifications etc. (not altering text)
C1

Pt. V Ch. I (ss. 103-114) modified (16.7.1992) by Finance (No.2) Act 1992 (c. 48), s. 73, Sch. 14, para. 9(4).

103

1

In this Chapter references to a transfer of value include references to an occasion on which tax is chargeable under Chapter III of Part III of this Act (apart from section 79), and

a

references to the value transferred by a transfer of value include references to the amount on which tax is then chargeable, and

b

references to the transferor include references to the trustees of the settlement concerned.

2

For the purposes of this Chapter a company and all its subsidiaries are members of a group, and “holding company” and “subsidiary” have F1the meaning given by section F21159 of and Schedule 6 to the F3Companies Act F42006

3

In this Chapter “business” includes a business carried on in the exercise of a profession or vocation, but does not include a business carried on otherwise than for gain.