CTA09/PART8/S782A and CTA09/PART8/S785(2B)

Degrouping adjustments to which the exception applies

The SSE exception applies to the following degrouping adjustments provided for by Part 8:

S780 – the exception is provided for by S782A.

S783(3) – S783(2) works by deeming a S780 degrouping adjustment to have arisen. The exception to the S780 charge therefore also has effect for the purposes of S783.

S785 – the exception is provided for by S785(2B).

In what circumstances does the exception apply?

In order for the exception to apply, the company in question must cease to be a member of a group because of a disposal of shares by another company.

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