Related Commentary  Related HMRC Manuals

44(1)  Subject to subsections (2) to (4) below, subsection (5) below applies where–

(a)a business, or part of a business, carried on by a taxable person is transferred as a going concern to a person treated as a member of a group under section 43;

(b)on the transfer of the business or part, chargeable assets of the business are transferred to the person; and

(c)the transfer of the assets is treated by virtue of section 5(3)(c) as neither a supply of goods nor a supply of services.

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