{
  "url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-3/paragraph-9",
  "json_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-3/paragraph-9.json",
  "legislation": "ukpga/1992/12",
  "legislation_title": "Taxation of Chargeable Gains Act 1992",
  "legislation_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992",
  "path": "schedule/3/paragraph/9",
  "kind": "paragraph",
  "number": "9",
  "heading": null,
  "text": "(1) In paragraph 8 above “the relevant time”, in relation to a group of companies, is—\n(a) the first time when any company which is then a member of the group, and is not an outgoing company in relation to the group, makes a disposal to which section 35 applies,\n(b) the time immediately following the first occasion when a company which is an incoming company in relation to the group becomes a member of the group,\n(c) the time when an election is made by the principal company,\nwhichever is earliest.\n(2) In paragraph 8 above and this paragraph—\n“incoming company”, in relation to a group of companies, means a company which—\n(a)makes its first disposal to which section 35 applies at a time when it is not a member of the group, and\n(b)becomes a member of the group before the end of the period during which an election under section 35(5) could be made in relation to it and at a time when no such election has been made, and\n“outgoing company”, in relation to a group of companies, means a company which ceases to be a member of the group before the end of the period during which an election under section 35(5) could be made in relation to it and at a time when no such election has been made.\n(3) Section 170 shall have effect for the purposes of paragraph 8 above and this paragraph as for those of sections 170 to 181.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1992/12/schedule/3/paragraph/9",
    "retrieved_at": "2026-10-29T09:36:15.270072+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."
}