Section 830 Exclusion from section 829 of group transfers

(1)

For the purposes of section 829(1), any disposal within section 171 of TCGA 1992 (transfers within a group) is ignored.

(2)

For the purposes of section 829(3), any transfer by one member of a group to another is ignored.

(3)

This subsection applies if—

(a)

a person (“A”) acquires securities on a transfer that is ignored under subsection (1), and

(b)

any previous transfer that has occurred was ignored under subsection (1) or (2).

(4)

If subsection (3) applies, a subsequent realisation of the securities by A is treated as a realisation by the transferor.

(5)

This subsection applies if—

(a)

a person (“B”) acquires an asset on a transfer that is ignored under subsection (2), and

(b)

no previous transfer has occurred that was not ignored under subsection (1) or (2).

(6)

If subsection (5) applies, a subsequent realisation of the asset by B is treated as a realisation by the transferee.

Notes on Part 8

C1: Pt. 8 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 6(1)
C2: Pt. 8 modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 601, 1184(1) (with Sch. 2)
C3: Pt. 8 modified (1.10.2011) by Postal Services Act 2011 (c. 5), s. 93(2)(3), Sch. 2 para. 6(1); S.I. 2011/2329, art. 3
C4: Pt. 8 modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by Localism Act 2011 (c. 20), ss., 240(5)(o), Sch. 24 para. 1(3); S.I. 2012/628, art. 3(b)
C5: Pt. 8 modified (1.4.2012) by Budget Responsibility and National Audit Act 2011 (c. 4), s. 29, Sch. 4 para. 3(1); S.I. 2011/2576, art. 5
C6: Pt. 8 modified (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 88(1)(2)(7) (with s. 147, Sch. 17)
C7: Pt. 8 modified (6.4.2020) by Finance Act 2019 (c. 1), Sch. 5 paras. 35, 45 (with Sch. 5 para. 36)