# Corporation Tax Act 2009, Section 429: Disapplication of Chapter where transparent entities involved


(1) This Chapter does not apply in relation to the transfer of business if the transferor is a transparent entity.
(2) If any transferee is a transparent entity, sections 424 and 425 (reorganisations involving loan relationships) do not apply.
(3) In this section “transparent entity” means a company which is resident in a member State ... and does not have an ordinary share capital.
(4) For the meaning of “resident in a relevant state”, see section 430.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/429 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-429
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.