{
  "url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-5AA/paragraph-5",
  "json_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-5AA/paragraph-5.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/5AA/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "The fourth condition is that—\n(a) the scheme is carried out in pursuance of a compromise or arrangement—\n(i) to which Part 26 or 26A of the Companies Act 2006 (arrangements and reconstructions) applies,\n(ii) under any corresponding provision of the law of a country or territory outside the United Kingdom, and\n(b) no part of the business of the original company, or of any of the original companies, is transferred under the scheme to any other person.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 5AA inserted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by Finance Act 2002 (c. 23), Sch. 9 para. 3"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 5AA para. 5(a)(i) substituted (6.4.2008) by The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2008 (S.I. 2008/954), arts. 1(1), 17 (with art. 4)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 5AA para. 5(a)(i) inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 14 (with ss. 2(2), 5(2))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AA/paragraph/5",
    "retrieved_at": "2026-11-14T03:34:05.925206+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."
}