{
  "url": "https://openlegislation.uk/corporation-tax-implementation-of-the-mergers-directive-regulations-2007/schedule-2/paragraph-5",
  "json_url": "https://openlegislation.uk/corporation-tax-implementation-of-the-mergers-directive-regulations-2007/schedule-2/paragraph-5.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/2/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "Held over gains",
  "text": "For section 140(6B) (postponement of charge on transfer of assets to non-resident company) substitute —\n“(6B) If securities are transferred by a transferor as part of the process of a merger to which section 140E applies—\n(a) the transfer shall be disregarded for the purposes of subsection (4), and\n(b) the transferee shall be treated as if it were the transferor 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.\n(6C) In subsection (6B) “transferor” and “transferee” have the meaning given by section 140E(9).”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "Section 140(6B) was inserted by section 64(2) of the Finance (No. 2) Act 2005."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/5",
    "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."
}