{
  "url": "https://openlegislation.uk/corporation-tax-implementation-of-the-mergers-directive-regulations-2007/schedule-1/paragraph-7",
  "json_url": "https://openlegislation.uk/corporation-tax-implementation-of-the-mergers-directive-regulations-2007/schedule-1/paragraph-7.json",
  "legislation": "uksi/2007/3186",
  "legislation_title": "The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007",
  "legislation_url": "https://openlegislation.uk/corporation-tax-implementation-of-the-mergers-directive-regulations-2007",
  "path": "schedule/1/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": "Held over gains",
  "text": "After section 140(6A) (postponement of a charge on transfer of assets to non-resident company) insert—\n“(6AA) If securities are transferred by a transferor company as part of the process of the transfer of a business to which section 140A or 140C applies—\n(a) the transfer shall be disregarded for the purposes of subsection (4), and\n(b) the transferee company shall be treated as if it were the transferor company in relation to—\n(i) any subsequent disposal of the securities, and\n(ii) any subsequent disposal by the transferee of assets to which subsection 5 applies.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "Section 140(6A) was inserted by section 46(1) of the Finance (No. 2) Act 1992."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/7",
    "retrieved_at": "2026-10-29T03:41:26.954442+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."
}