Section 151 “Arm's length provision”
In this Part “the arm's length provision” has the meaning given by section 147(1).
For the purposes of this Part, the cases in which provision made or imposed as between any two persons is to be taken to differ from the provision that would have been made as between independent enterprises include the case in which provision is made or imposed as between two persons but no provision would have been made as between independent enterprises; and references in this Part to the arm's length provision are to be read accordingly.
For the purposes of determining the arm’s length provision in relation to the actual provision involving—
the transfer of intangible fixed assets for consideration other than money, or
the grant of a licence or any other right in respect of intangible fixed assets for consideration other than money,
assume that the transfer or grant at arm’s length would be for consideration of a sum of money.
For the purposes of subsection (3) “intangible fixed assets” has the meaning it has in Part 8 of CTA 2009.
Annotations
Textual amendments
- F1
S. 151(3)(4) inserted (for chargeable periods commencing on or after 1.1.2026) by Finance Act 2026 (c. 11), Sch. 6 paras. 3, 32(1)
Notes on Part 4
Modifications
- C1
Pt. 4 excluded by 2010 c. 4, s. 938N (as inserted (19.7.2011) by Finance Act 2011 (c. 11), Sch. 5 para. 2)
- C2
Pt. 4 excluded (1.10.2011) by Postal Services Act 2011 (c. 5), s. 93(2)(3), Sch. 2 para. 6(2); S.I. 2011/2329, art. 3
- C3
Pt. 4 excluded (1.4.2012) by Budget Responsibility and National Audit Act 2011 (c. 4), s. 29, Sch. 4 para. 3(2); S.I. 2011/2576, art. 5
- C4
Pt. 4 excluded (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 129(11) (with s. 147, Sch. 17)