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Corporation Tax Act 2010

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Changes over time for: Section 823

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Version Superseded: 15/09/2016

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Status:

Point in time view as at 01/04/2010. This version of this provision has been superseded. Help about Status

Changes to legislation:

Corporation Tax Act 2010, Section 823 is up to date with all changes known to be in force on or before 15 June 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

823Transactions, arrangements, sales and realisations relevant for PartU.K.

This section has no associated Explanatory Notes

(1)For the purposes of this Part, account is to be taken of any method, however indirect, by which—

(a)any property or right is transferred or transmitted, or

(b)the value of any property or right is enhanced or diminished.

(2)Accordingly—

(a)the occasion of the transfer or transmission of any property or right however indirect, and

(b)the occasion when the value of any property or right is enhanced,

may be an occasion when tax is charged as a result of this Part.

(3)Subsections (1) and (2) apply in particular—

(a)to sales, contracts and other transactions made otherwise than for full consideration or for more than full consideration,

(b)to any method by which any property or right, or the control of any property or right, is transferred or transmitted by assigning—

(i)share capital or other rights in a company,

(ii)rights in a partnership, or

(iii)an interest in settled property,

(c)to the creation of an option affecting the disposition of any property or right and the giving of consideration for granting it,

(d)to the creation of a requirement for consent affecting such a disposition and the giving of consideration for granting it,

(e)to the creation of an embargo affecting such a disposition and the giving of consideration for releasing it, and

(f)to the disposal of any property or right on the winding up, dissolution or termination of a company, partnership or trust.

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