Statute
Section 429 — Corporation Tax Act 2009: Disapplication of Chapter where transparent entities involved
Text of the provision Official document
Disapplication of Chapter where transparent entities involved 429 1 This Chapter does not apply in relation to the transfer of business if the transferor is a transparent entity.
2 If any transferee is a transparent entity, sections 424 and 425 (reorganisations involving loan relationships) do not apply.
3 In this section “ transparent entity ” means a company which is resident in a member State ... and does not have an ordinary share capital.
4 For the meaning of “resident in a relevant state ”, see section 430.
Official source: legislation.gov.uk
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from UK courts and tribunals with a plain-English summary and legal holding.
Explore case law →