{
  "url": "https://openlegislation.uk/corporation-tax-act-2010-part-8c-amendment-regulations-2017/regulation-10",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010-part-8c-amendment-regulations-2017/regulation-10.json",
  "legislation": "uksi/2017/364",
  "legislation_title": "The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010-part-8c-amendment-regulations-2017",
  "path": "regulation/10",
  "kind": "regulation",
  "number": "10",
  "heading": "Transfer of rights",
  "text": "In section 357YM (assignment of rights to person not chargeable to corporation tax)—\n(a) in subsection (1), for paragraph (a) substitute—\n“(a) a chargeable company (“the transferor”) transfers to a person who either—\n(i) is not a company, or\n(ii) is a non-qualifying company,\na right in respect of a claim, or possible claim, for restitution,”,\n(b) in subsection (3), for “is not within the charge to corporation tax under this Part” substitute\n“either—\n(a) is not a company, or\n(b) is a non-qualifying company.”, and\n(c) for subsection (5) substitute—\n“(5) For the purposes of this section a company is a “chargeable company” if it meets the first and second conditions.\nThe first condition is that the company is UK resident or carries on a trade in the United Kingdom through a permanent establishment in the United Kingdom.\nThe second condition is that the company is not a charitable company and would not be exempt from corporation tax on restitution interest (were such interest to arise to it).\n(5A) For the purposes of this section a company is a “non-qualifying company” if—\n(a) it is non-UK resident, or\n(b) it is a charitable company, or would be exempt from corporation tax on restitution interest (were such interest to arise to it).”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/364/regulation/10",
    "retrieved_at": "2026-10-28T23:13:11.322844+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."
}