# Corporation Tax Act 2010, Section 356H: Introduction to sections 356HA and 356HB


(1) Sections 356HA and 356HB apply where a company (“the transferor”)—
(a) disposes of the whole or part of its share of the equity in a licensed area that is or contains a site;
(b) immediately before the disposal holds (unactivated) onshore allowance for the site concerned.
(2) Each company to which a share of the equity is disposed of is referred to in section 356HB as “a transferee”.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/356H (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-356H
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.