Part 8Intangible fixed assets
Chapter 11Transfer of business or trade
Tax-neutral transfers
823Interpretation of sections 821 and 822
(1)
This section applies for the interpretation of sections 821 and 822 and this section.
F1(1A)
“Relevant state” means the United Kingdom or a member State.
(2)
“Transferor” means—
(a)
in relation to a merger within section 821(2)(a), a company merging to form the SE,
(b)
in relation to a merger within section 821(2)(b), a co-operative society merging to form the SCE, and
(c)
in relation to a merger within section 821(2)(c) or (d), each company transferring all its assets and liabilities.
(3)
“Transferee” means—
(a)
in relation to a merger within section 821(2)(a), the SE,
(b)
in relation to a merger within section 821(2)(b), the SCE, and
(c)
in relation to a merger within section 821(2)(c) or (d), the company to which assets and liabilities are transferred.
(4)
“Transparent entity” has the meaning given in section 820(4).
(5)
References to a company are references to any entity listed as a company in F2Part A of Annex I to the Mergers Directive.