Paragraph 11 I1

England, Wales and Scotland

(1)

This paragraph applies to a relevant transfer of all the issued share capital of a company (the “transferred company”).

(2)

For the purposes of F1the provisions of the Corporation Tax Act 2010 specified in sub-paragraph (3), the transfer is not to be taken to result in a change in the ownership of—

(a)

the transferred company; or

(b)

a company which is a wholly-owned subsidiary of the transferred company when the transfer takes effect.

F2(3)

Those provisions are—

(a)

Chapter 2 of Part 14 (but not section 674(1)),

(b)

section 683,

(c)

section 684,

(d)

section 700,

(e)

section 701,

(f)

section 704, and

(g)

section 705.

Annotations

Textual amendments

F1: Words in Sch. 10 para. 11(2) substituted (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. 478(2)(a) (with Sch. 2)
F2: Sch. 10 para. 11(3) inserted (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. 478(2)(b) (with Sch. 2)

Commencement

I1: Sch. 10 para. 11 in force at 8.6.2005 by S.I. 2005/1444, art. 2(1), Sch. 1