{
  "url": "https://openlegislation.uk/finance-act-2015/schedule-7/paragraph-21",
  "json_url": "https://openlegislation.uk/finance-act-2015/schedule-7/paragraph-21.json",
  "legislation": "ukpga/2015/11",
  "legislation_title": "Finance Act 2015",
  "legislation_url": "https://openlegislation.uk/finance-act-2015",
  "path": "schedule/7/paragraph/21",
  "kind": "paragraph",
  "number": "21",
  "heading": null,
  "text": "(1) Section 139 (reconstruction involving transfer of business) is amended as follows.\n(2) In subsection (1A)—\n(a) in paragraph (a), after “chargeable assets” insert “ or NRCGT assets ”;\n(b) in paragraph (b), after “chargeable assets” insert “ or NRCGT assets ”.\n(3) After subsection (1A) insert—\n“(1AA) For the purposes of subsection (1A), an asset is an “NRCGT asset” in relation to a company at any time if—\n(a) the disposal of the asset by the company at that time would be a non-resident CGT disposal, and\n(b) the company would not be, in relation to that disposal, an eligible person (as defined in section 14F).”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/21",
    "retrieved_at": "2026-10-29T09:07:01.784220+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."
}