Part II

Income Tax, Corporation Tax and Capital Gains Tax
Chapter I

General

Transfers of trade

Transfer of a trade: supplementary (1).
46
1
The Taxation of Chargeable Gains Act 1992 shall have effect, and be deemed always to have had effect, with the following amendments.
2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
In section 116(11) (qualifying corporate bonds) after “139," there shall be inserted “ 140A, ”.
4
In section 140 (transfer of assets to non-resident company) the following subsection shall be inserted after subsection (6)—
6A
No claim may be made under this section as regards a transfer in relation to which a claim is made under section 140C.
5
In section 174 (disposal or acquisition outside a group)—
a
in subsection (2) after the word “section" (in the first place where it occurs) there shall be inserted “ 140A, ”;
b
in subsection (3) after “section" there shall be inserted “ 140A, ”.
6
In section 177(2) (dividend stripping) after “which section" there shall be inserted “ 140A, ”.
7
In section 184(2) (indexation)—
a
after the word “section" (in the first place where it occurs) there shall be inserted “ 140A, ”;
b
for “either" there shall be substituted “ one ”.
1992 c. 12.
S. 46(2) omitted (21.7.2008) (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 2 para. 70(a)(i)