Sales between connected persons and persons under common control

Where the seller and buyer are connected persons or are under common control, a sale of research and development expenditure is taken at market value for the purposes of any balancing adjustment, even if the sale is at an undervalue or overvalue (CAA 2001, s. 567, 568).

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

No subscription?

Contact us to discuss your requirements.