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Paragraph 15

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

For the purposes of the application of F1Part 7 of CTA 2009 (derivative contracts) in relation to a relevant transfer, the transferee and the transferor are to be treated as if, at the time of the transfer, they were members of the same group.

(2)

In sub-paragraph (1) the reference to being members of the same group must be construed in accordance with F2section 624(3) of that Act.

Annotations

Textual amendments

F1

Words in Sch. 13 para. 15(1) substituted (with effect in accordance with s. 1329(1) of the commencing Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 739(7)(a) (with Sch. 2 Pts. 1, 2)

F2

Words in Sch. 13 para. 15(2) substituted (with effect in accordance with s. 1329(1) of the commencing Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 739(7)(b) (with Sch. 2 Pts. 1, 2)