Explanatory Notes

Finance Act 2013

2013 CHAPTER 29

17 July 2013

Introduction

Section 31: Arrangement for Transfers of Companies

Summary

1.Section 31 makes a specific change to the types of arrangements that are exempt from the anti-avoidance rules affecting the group relief rules contained in Part 5 of the Corporation Tax Act 2010 (CTA 2010). The section also corrects cross-reference errors in sections 154(3) and 155(3) of CTA 2010.