# Finance Act 2019, Paragraph 61


(1) Section 171 (transfers within a group: general provisions) is amended as follows.
(2) In subsection (1A), in the second sentence, for the words from “and would” to the end substitute “ chargeable to corporation tax as a result of section 2B(3) or (4). ”
(3) After subsection (1A) insert—
“(1B) If—
(a) company A is deemed under section 25(3) to have previously disposed of the asset, but
(b) no gain or loss accrued on that deemed disposal as a result of section 25ZA(2),
that deemed disposal is to be ignored in applying subsection (1) of this section in relation to company B.”
(4) In subsection (2), omit paragraph (ba).

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Source: https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/61 (the official version)
Page: https://openlegislation.uk/finance-act-2019/schedule-1/paragraph-61
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.