Transparent entitiesU.K.
680Disapplication of Chapter where transparent entities involvedU.K.
(1)This Chapter does not apply in relation to the transfer of business if the transferor is a transparent entity.
(2)In this section “transparent entity” means a company which is resident in a member State F1... and which does not have an ordinary share capital.
Textual Amendments
F1Words in s. 680(2) omitted (31.12.2020) by virtue of The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 16(12) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)