Related Commentary  Related HMRC Manuals

122(1)  Subsection (3) applies if–

(a)section 140C or 140F of TCGA 1992 applies, and

(b)gains accruing to company A on the transfer would have been chargeable to tax under the law of the host State but for the Mergers Directive.

122(2)  In this section–

“company A”–

(a)means the transferor within the meaning given by subsection (1) or (1A) of section 140C of TCGA 1992 if that subsection applies, and

(b)has the meaning given by section 140F(2) of TCGA 1992 if it applies,

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