OpenLegislation

Paragraph 40

United Kingdom

(1)

That Chapter also does not apply to an IRU acquired by a person on or after that date (directly or indirectly) from an associate or an associated company if the associate or associated company acquired the IRU before that date.

(2)

In sub-paragraph (1)—

  • “associate” has the meaning given by F1section 448 of CTA 2010, and

  • “associated company”—

    1. (a)

      in relation to another company, has the meaning given by F2section 449 of that Act, and

    2. (b)

      in relation to any other person, means a company of which that person has control within the meaning of F3sections 450 and 451 of that Act.

Annotations

Textual amendments

F1

Words in Sch. 2 para. 40(2) substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 471(2)(a) (with Sch. 2)

F2

Words in Sch. 2 para. 40(2) substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 471(2)(b)(i) (with Sch. 2)

F3

Words in Sch. 2 para. 40(2) substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 471(2)(b)(ii) (with Sch. 2)