{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-964",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-964.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/964",
  "kind": "section",
  "number": "964",
  "heading": "Transfers of assets etc treated as payments",
  "text": "(1) For the purposes of this Chapter—\n(a) a transfer of assets, or\n(b) the appropriation of assets by personal representatives to themselves,\nis treated as the payment of an amount equal to the assets' value at the date of transfer or appropriation.\n(2) The set off or release of a debt is treated for the purposes of this Chapter as the payment of an amount equal to it.\n(3) If at the end of the administration period—\n(a) there is an obligation to transfer assets to any person, or\n(b) personal representatives are entitled to appropriate assets to themselves,\nan amount equal to the assets' value at that time is treated as payable then for the purposes of this Chapter.\n(4) If at the end of the administration period—\n(a) there is an obligation to release or set off a debt owed by any person, or\n(b) personal representatives are entitled to release or set off a debt in their own favour,\na sum equal to the debt is treated as payable then for the purposes of this 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/964",
    "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."
}