Regulation 18 Application, modification and non-application of provisions of the Corporation Tax Acts

(1)

Section 171 (transfers within a group: general provisions) of the Taxation of Chargeable Gains Act 1992^f1 shall not apply if “company B” in subsection (1) of that section is a securitisation company.

(2)

Section 179A (reallocation within group of gain or loss accruing under section 179) of that Act^f2 shall not apply if “company C” in that section is a securitisation company.

Annotations

Footnotes

f1: 1992 c. 12. Section 171 has been relevantly amended by section 102 of, and paragraph 2 of Schedule 29 to, the Finance Act 2000 (c. 17).
f2: Section 179A was inserted by section 42(1) and (4) of the Finance Act 2002.