{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/schedule-1/paragraph-366",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/schedule-1/paragraph-366.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "schedule/1/paragraph/366",
  "kind": "paragraph",
  "number": "366",
  "heading": null,
  "text": "(1) Amend section 116 (reorganisations, conversions and reconstructions) as follows.\n(2) In subsection (8A)—\n(a) in the first sentence, for “Chapter II of Part IV of the Finance Act 1996” and “that Chapter” substitute “ Part 5 of CTA 2009 ” and “ that Part ” respectively, and\n(b) in the second sentence for the words from “transaction” to the end substitute “ relevant loan relationship transaction ”.\n(3) After subsection (8A) insert—\n“(8AA) In subsection (8A) “relevant loan relationship transaction” means a transaction to which any of the following provisions applies—\nsection 342 of CTA 2009 (continuity of treatment on transfers within groups or reorganisations: issues of new securities on reorganisations: disposal at notional carrying value),\nsection 343 of that Act (continuity of treatment on transfers within groups or reorganisations: receiving company using fair value accounting),\nsection 424 of that Act (European cross-border transfers of business: reorganisations involving loan relationships),\nsection 425 of that Act (European cross-border transfers of business: original holder using fair value accounting),\nsection 435 of that Act (European cross-border mergers: reorganisations involving loan relationships),\nsection 436 of that Act (European cross-border mergers: original holder using fair value accounting).”\n(4) In subsection (16) for “section 80(5) of the Finance Act 1996” and “Chapter II of Part IV” substitute “ section 464(1) of CTA 2009 ” and “ Part 5 ” respectively.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}