Where a degrouping charge does not result in an adjustment to the consideration on a disposal of the shares in company A by another group member, as described in CG45420, then the gain or loss will arise on the deemed disposal of the transferred asset by company A. The calculation of the gain or loss will generally result from a deemed market value disposal at the time immediately following the acquisition by company A but the gain or loss accrues at the later of
•the time of the deemed disposal
•the time immediately after the beginning of the accounting period in or at the end of which the degrouping event takes place.
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