Related Commentary  Related CasesRelated HMRC Manuals

179(1)  This section applies where–

(a)a company (“company A”) acquires an asset from another company (“company B”) at a time when company A and company B are members of the same group,

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

(c)company A ceases to be a member of that group within the period of six years after the time of the acquisition.

References in this section to a company ceasing to be a member of a group of companies do not apply to cases where a company ceases to be a member of a group in consequence of another member of the group ceasing to exist.

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