Related Commentary  Related HMRC Manuals

97(1)  Where a close company (“the transferor company” ) is a member, but not the principal company, of a group and–

(a)there is–

(i)a disposal of an asset by the transferor company, which is a disposal to which section 171(1) of the 1992 Act applies, or

(ii)by virtue of an election under section 171A(2) of that Act, a deemed transfer by the transferor company to another member of the group, or

(iii)[repealed by FA 2011, s. 45 and Sch. 10, para. 8(a),]

(aa)the disposal is also, or the election gives rise to, a transfer of value, and

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