C1C2Part 7Derivative contracts
Annotations:
Chapter 5Continuity of treatment on transfers within groups
Group member replacing another as party to derivative contract
626Transactions to which section 625 applies
1
This section applies for the purposes of section 625(1)(a).
2
A transaction is within this subsection if it is a related transaction between two companies which are—
a
members of the same group, and
b
within the charge to corporation tax in respect of that transaction.
3
A series of transactions is within this subsection if it is a series of transactions having the same effect as a related transaction between two companies each of which—
a
has been a member of the same group at any time in the course of that series of transactions, and
b
would be within the charge to corporation tax in respect of such a related transaction.
Pt. 7 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)