C1C2Part 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)
Chapter 11Transfer of business or trade
Transfer of assets to non-UK resident company
830Exclusion from section 829 of group transfers
1
For the purposes of section 829(1), any disposal within section 171 of TCGA 1992 (transfers within a group) is ignored.
2
For the purposes of section 829(3), any transfer by one member of a group to another is ignored.
3
This subsection applies if—
a
a person (“A”) acquires securities on a transfer that is ignored under subsection (1), and
b
any previous transfer that has occurred was ignored under subsection (1) or (2).
4
If subsection (3) applies, a subsequent realisation of the securities by A is treated as a realisation by the transferor.
5
This subsection applies if—
a
a person (“B”) acquires an asset on a transfer that is ignored under subsection (2), and
b
no previous transfer has occurred that was not ignored under subsection (1) or (2).
6
If subsection (5) applies, a subsequent realisation of the asset by B is treated as a realisation by the transferee.
Pt. 8 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 6(1)