A TCGA92/S13* charge could arise on the disposal of an asset by a non-resident company to another company under the control of the same shareholders or participators. TCGA92/S14* prevents this if the transfer is between members of a non-resident group of companies. It does this by applying some of the general Capital Gains Tax rules for groups to non-resident groups for the purposes of calculating the Section 13 charge.
For the purposes of TCGA92/S13* TCGA92/S14 (4)(b) amends the definition of group in TCGA92/S170 by omitting the references to companies resident in the UK and particular types of company. It then defines a non-resident group as being either