{
  "url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-140DA",
  "json_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-140DA.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": "section/140DA",
  "kind": "section",
  "number": "140DA",
  "heading": "Securities issued on division of business",
  "text": "(1) This section applies where—\n(a) a transfer of assets to which section 140A(1A) or 140C(1A) applies has taken place,\n(b) the transferor and the transferee (or each of the transferees) are each resident in a relevant state,\n(c) they are not all resident in the same relevant state, and\n(e) the transfer does not constitute or form part of a scheme of reconstruction within the meaning of section 136.\n(2) Where this section applies, the transfer shall be treated for the purposes of section 136 as if it were a scheme of reconstruction.\n(3) Where section 136 applies by virtue of subsection (2) above section 136(6) (and section 137) shall not apply.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 140DA inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186), reg. 1(2), Sch. 1 para. 6 (with S.I. 2008/1579, reg. 4(1))"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 140DA(1)(b) substituted (31.12.2020) by The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 6(4)(a) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 140DA(1)(c) substituted (31.12.2020) by The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 6(4)(b) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1992/12/section/140DA",
    "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."
}