Related Commentary  Related HMRC Manuals

826(1)  This section applies if–

(a)two or more societies to which this section applies amalgamate or there is a transfer of engagements from one such society to another,

(b)in the course of the amalgamation or transfer of engagements or as part of it intangible fixed assets are transferred from one society (“the transferor”) to another (“the transferee”),

(c)those assets are chargeable intangible assets in relation to the transferor immediately before the transfer, and

(d)those assets are chargeable intangible assets in relation to the transferee immediately after the transfer.

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