Related Commentary  

89AB(1)  This section applies where–

(a)P and Q have entered into an arrangement falling within section 89AA(1),

(b)the only reason that the conditions in subsection (2A) or (3) of that section are not met is that chargeable securities of the same kind and amount as those transferred to P or P's nominee are not transferred to Q or Q's nominee, and

(c)the conditions in subsection (2) below are met.

89AB(2)  The conditions in this subsection are that–

(a)P and Q are not connected persons within the meaning of section 1122 of the Corporation Tax Act 2010,

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.