Demergers
75 per cent subsidiaries
Advance clearance
Applications, requirements for
Decisions of commissioners or tribunal
Distributions
Payments
Capital gains tax
General provisions
Tax exempt distributions
Chargeable payments
Company concerned in an exempt distribution, meaning
Generally
Meaning
No deduction in calculation of profits
Returns
Unquoted companies, meaning of chargeable payment
Chargeable payments made after exempt distribution
Conditions for exemption
Distributions
Chargeable payments
Exempt distributions
Conditions A to D
Conditions E, F
Conditions G to K
Conditions K
Conditions L, M
Distributing company, meaning
Division of business in a cross-border transfer
General conditions
Generally
Relevant company, meaning
Returns
Transfer by distributing company and issue of shares by transferee company
Transfer of shares in subsidiaries
Transitional provisions and savings
Groups of companies, chargeable gains
Income tax
Ineligible distributions
Interpretation
Key terms
Partnerships
Purpose of rules
Real estate investment trusts
Disposal of assets
Generally
Groups, company leaving
Relief
Returns
Chargeable payments
Exempt distributions
Substantial shareholdings exemption
Tonnage tax
Transactions solely for effecting an exempt distribution
Unquoted companies
Unquoted company, meaning