# Corporation Tax Act 2009, Section 687: Disapplication of Chapter where transparent entities involved


(1) This section applies if one or more of the merging companies is a transparent entity.
(2) If as a result of the merger the assets and liabilities of a transparent entity are transferred to another company, this Chapter does not apply in relation to the transfer.
(3) In this section “transparent entity” means a company which is resident in a member State ... and which does not have an ordinary share capital.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/687 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-687
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.