# Taxation of Chargeable Gains Act 1992, Section 198L: Expenditure by member of same group


(1) Section 198J applies where—
(a) the disposal is by a company which, at the time of the disposal, is a member of a group of companies (within the meaning of section 170),
(b) the E&A expenditure or expenditure on oil assets is by another company which, at the time the expenditure is incurred, is a member of the same group, and
(c) the claim under section 198J is made by both companies,
as if both companies were the same person.
(2) “E&A company”, “E&A expenditure” and “oil assets” have the meaning given by section 198J.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/section/198L (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-198L
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.