# Corporation Tax Act 2009, Section 782: Certain transferees of businesses etc not treated as leaving group

Extent: E+W+S+N.I.

(1) This section applies if—
(a) the relevant asset is transferred in the course of a transfer of business to which section 820 applies or which includes such a transfer as is mentioned in section 116(2)(b)(iii) of TIOPA 2010 and in respect of which section 117 of that Act applies (European cross-border transfers of business), and
(b) in consequence of the transfer the transferee ceases to be a member of a group (“Group 1”).
(2) For the purposes of section 780, the transferee is not treated as having left Group 1.
(3) If as a result of the transfer the transferee becomes a member of another group (“Group 2”), it is treated for the purposes of section 780 as if Group 1 and Group 2 were the same.
(4) References in this section to “the transferee” and “the relevant asset” must be read in accordance with section 780.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/782 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-782
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.