PART 1Income Tax, Corporation Tax and Capital Gains Tax

CHAPTER 3Corporation tax: general

Losses, other reliefs and deductions

31Arrangements for transfers of companies

(1)

In section 156 of CTA 2010 (definition of “arrangements” for purposes of sections 154 to 155B, etc)—

(a)

in subsection (2), in paragraph (b), after “include” insert“—

(i)”,

(b)

at the end of that paragraph insert“, or

(ii)

a condition or requirement imposed by, or agreed with, a Minister of the Crown, the Scottish Ministers, a Northern Ireland department or a statutory body.”, and

(c)

after that subsection insert—

“(2A)

In subsection (2) “statutory body” means a body (other than a company as defined by section 1(1) of the Companies Act 2006) established by or under a statutory provision for the purpose of carrying out functions conferred on it by or under a statutory provision, except that the Treasury may, by order, specify that a body is or is not to be a statutory body for this purpose.”

(2)

In sections 154(3) and 155(3) of that Act (arrangements for transfers), for “154A” substitute “ 155A ”.

(3)

In section 188 of that Act (other definitions for Part 5), in subsection (1), after “ “company”” insert “ (except in section 156(2A) ”.

(4)

The amendments made by this section have effect in relation to accounting periods ending on or after 1 April 2013.