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Paragraph 30

United Kingdom

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

(1)

This paragraph applies to a relevant transfer of all the issued share capital of a company (the “transferred company”).

(2)

For the purposes of F1Chapters 2 to 5 of Part 14 of CTA 2010, the transfer is not to be taken to result in a change in the ownership of—

(a)

the transferred company, or

(b)

a company which is a wholly-owned subsidiary of the transferred company when the transfer takes effect.

Annotations

Textual amendments

F1

Words in Sch. 13 para. 30(2) substituted (with effect in accordance with s. 1184(1) of the commencing Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 584(4) (with Sch. 2)