Paragraph 5

(1)

Paragraph 30D^f1 (cross-border transfer of business within European Community) is amended as follows.

(2)

In sub-paragraph (1) for paragraph (d) substitute—

“(d)
the transferee—

(i)
is resident in the United Kingdom immediately after the transfer, or

(ii)
is within the charge to corporation tax immediately after the transfer in accordance with section 11 of the Taxes Act 1988.”.

(3)

Omit sub-paragraph (5).

(4)

In sub-paragraph (6)—

(a)

after “determining” insert “the”, and

(b)

for “Chapter” substitute “Schedule”.

Annotations

Footnotes

f1: Paragraph 30D to 30F were inserted by paragraph 19 of Schedule 1 to S.I. 2007/3186.