C1C4C3C5C7C2C6Part 8Intangible fixed assets
Pt. 8 modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 601, 1184(1) (with Sch. 2)
Pt. 8 modified (1.10.2011) by Postal Services Act 2011 (c. 5), s. 93(2)(3), Sch. 2 para. 6(1); S.I. 2011/2329, art. 3
Pt. 8 modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by Localism Act 2011 (c. 20), ss., 240(5)(o), Sch. 24 para. 1(3); S.I. 2012/628, art. 3(b)
Pt. 8 modified (1.4.2012) by Budget Responsibility and National Audit Act 2011 (c. 4), s. 29, Sch. 4 para. 3(1); S.I. 2011/2576, art. 5
Pt. 8 modified (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 88(1)(2)(7) (with s. 147, Sch. 17)
Pt. 8 modified (6.4.2020) by Finance Act 2019 (c. 1), Sch. 5 paras. 35, 45 (with Sch. 5 para. 36)
C2Chapter 9Application of this Part to groups of companies
Roll-over relief under Chapter 7 (realisation and reinvestment)
778Relief on reinvestment: acquisition of group company: introduction
1
Chapter 7 (roll-over relief in case of realisation and reinvestment) applies in accordance with section 779 if—
a
a company (“A”) acquires a controlling interest in another company (“B”), and
b
intangible fixed assets (“underlying assets”) are held by B or one or more other companies within subsection (2).
2
A company is within this subsection if—
a
it was not in the same group as A before the acquisition, and
b
as a result of the acquisition it is in the same group as A immediately after it.
3
For this purpose A acquires a controlling interest in B if—
a
A and B are not in the same group,
b
A acquires shares in B, and
c
as a result of the acquisition A and B are in the same group immediately after the acquisition.
4
A claim for relief under Chapter 7 made because of section 779 must be made jointly by A and the company or companies holding the underlying assets concerned.
5
In this section and section 779 expressions that are defined for the purposes of Chapter 7 have the same meaning as in that Chapter.
Pt. 8 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 6(1)