{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-778",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-778.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/778",
  "kind": "section",
  "number": "778",
  "heading": "Relief on reinvestment: acquisition of group company: introduction",
  "text": "(1) Chapter 7 (roll-over relief in case of realisation and reinvestment) applies in accordance with section 779 if—\n(a) a company (“A”) acquires a controlling interest in another company (“B”), and\n(b) intangible fixed assets (“underlying assets”) are held by B or one or more other companies within subsection (2).\n(2) A company is within this subsection if—\n(a) it was not in the same group as A before the acquisition, and\n(b) as a result of the acquisition it is in the same group as A immediately after it.\n(3) For this purpose A acquires a controlling interest in B if—\n(a) A and B are not in the same group,\n(b) A acquires shares in B, and\n(c) as a result of the acquisition A and B are in the same group immediately after the acquisition.\n(4) A claim for relief under Chapter 7 made because of section 779 must be made jointly by A and the company or companies holding the underlying assets concerned.\n(5) In this section and section 779 expressions that are defined for the purposes of Chapter 7 have the same meaning as in that Chapter.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/778",
    "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."
}