# The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007, Paragraph 9


After section 179(1A) (company ceasing to be member of group: post appointment day cases) insert—
“(1AA) If shares in a company are transferred as part of the process of the transfer of a business to which section 140A or 140C applies and in consequence of the transfer the company ceases to be a member of a group (“Group 1”)—
(a) the company shall not be treated for the purposes of this section as having left Group 1, and
(b) if the transferee is a member of a group (“Group 2”) and in consequence of the transfer the company becomes a member of Group 2 it shall be treated, for the purposes of this section, as if Group 1 and Group 2 were the same.”.

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Source: https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/9 (the official version)
Page: https://openlegislation.uk/corporation-tax-implementation-of-the-mergers-directive-regulations-2007/schedule-1/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.