# Taxation of Chargeable Gains Act 1992, Section 162C: Disincorporation relief: post-FA 2002 goodwill


(1) This section applies where—
(a) a company transfers its business to some or all of the shareholders of the company,
(b) a claim for disincorporation relief in respect of the transfer has been made under section 58 of the Finance Act 2013, and
(c) section 849A of CTA 2009 (disincorporation relief: transfer values for post-FA 2002 goodwill) applies to the transfer of the goodwill of the business.
(2) The acquisition of the goodwill of the business is deemed to be for a consideration equal to the value at which the goodwill is treated as transferred by virtue of section 849A of CTA 2009.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/section/162C (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-162C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.