Related Commentary  Related CasesRelated HMRC Manuals

171(1)  Where–

(a)a company (“company A”) disposes of an asset to another company (“company B”) at a time when both companies are members of the same group, and

(b)the conditions in subsection (1A) below are met,

company A and company B are treated for the purposes of corporation tax on chargeable gains as if the asset were acquired by company B for a consideration of such amount as would secure that neither a gain nor a loss would accrue to company A on the disposal.

171(1A)  The conditions referred to in subsection (1)(b) above are–

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