{
  "url": "https://openlegislation.uk/housing-and-regeneration-transfer-schemes-tax-consequences-regulations-2015/regulation-5",
  "json_url": "https://openlegislation.uk/housing-and-regeneration-transfer-schemes-tax-consequences-regulations-2015/regulation-5.json",
  "legislation": "uksi/2015/1540",
  "legislation_title": "The Housing and Regeneration Transfer Schemes (Tax Consequences) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/housing-and-regeneration-transfer-schemes-tax-consequences-regulations-2015",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Corporation tax: transfers of assets that will be trading stock of the transferee",
  "text": "(1) This regulation applies if—\n(a) a transfer constitutes a disposal of an asset for the purposes of TCGA 1992,\n(b) at the time of the disposal, the asset is not trading stock of the transferor, and\n(c) immediately after the disposal, the asset will be trading stock of the transferee.\n(2) For any corporation tax purpose, the trading stock—\n(a) is to be treated as having been acquired by the transferee in the course of the transferee’s trade, and\n(b) is to be valued as if it had been acquired by the transferee for a consideration such that no gain or loss would accrue to the transferor for the purposes of TCGA 1992.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/1540/regulation/5",
    "retrieved_at": "2026-10-28T23:33:38.712235+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."
}