Section 940C Transfers to which Chapter appliesF1
United Kingdom
This Chapter applies to a transfer of a trade if—
(a)
the ownership condition is met (see sections 941 and 942), and
(b)
the tax condition is met (see section 943).
Annotations
Textual amendments
- F1
S. 940C: s. 940 renumbered as s. 940C (19.7.2011) by Finance Act 2011 (c. 11), Sch. 5 para. 3(1)(c)
Notes on Chapter 1
Modifications
- C1
Pt. 22 Ch. 1 applied (with modifications) (14.7.2022) by Energy (Oil and Gas) Profits Levy Act 2022 (c. 40), Sch. 1 para. 19 (with ss. 15(1), 16(1), 17)
- C2
Pt. 22 Ch. 1 modified (15.5.2024) by S.I. 2009/2971, reg. 4(20) (as inserted by The Mutual Societies (Transfers of Business) (Tax) (Amendment) Regulations 2024 (S.I. 2024/555), regs. 1(1), 2(2)(c) (with reg. 1(2)-(5)))