# Corporation Tax Act 2010, Section 1084: Cases where condition K does not apply


(1) Condition K need not be met if the distributing company is a 75% subsidiary of another company.
(2) Condition K need not be met if—
(a) there are two or more transferee companies each of which has transferred to it—
(i) a trade, or
(ii) shares in a separate 75% subsidiary of the distributing company, and
(b) the distributing company is dissolved without there having been after the distribution any net assets of the company available for distribution on a winding up or otherwise.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/1084 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-1084
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.