Related Commentary  Related HMRC Manuals

676DA(1)  This section applies if–

(a)there is a change in the ownership of a company (“the company”) on or after 1 April 2017, and

(b)the following are met–

conditions 1 and 2, or

condition 3.

676DA(2)  Condition 1 is that after the change in ownership the company acquires an asset from another company in circumstances such that–

(a)section 171 of TCGA 1992 (no gain/no loss transfer within a group), or

(b)section 775 of CTA 2009 (tax-neutral transfer within a group),

applies to the acquisition.

676DA(3)  Condition 2 is that–

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