Related Commentary  Related HMRC Manuals

777(1)  This section deals with the application of Chapter 7 (roll-over relief in case of realisation and reinvestment) in relation to a company that is a member of a group.

777(2)  Chapter 7 does not apply if the expenditure on other assets is expenditure on the acquisition of assets from another member of the same group by a tax-neutral transfer.

777(3)  Chapter 7 applies as if two companies (“A” and “B”) are the same person if–

(a)the realisation of the old asset is by A,

(b)at the time of the realisation A is a member of a group,

(c)the expenditure on other assets is by B,

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