# Corporation Tax Act 2010, Section 357EE: Transfer of a trade between group members


(1) This section applies where—
(a) there is a set-off amount in relation to a trade of a company for an accounting period,
(b) the company is a member of a group,
(c) the company ceases to carry on the trade, and
(d) another company (“the transferee”) that is a member of the group begins to carry on that trade.
(2) For the purposes of this Chapter an amount equal to the set-off amount is to become, or be added to, the set-off amount in relation to the trade of the transferee for the accounting period in which the transferee begins to carry on the trade.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/357EE (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-357EE
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.