Section 432 — Corporation Tax Act 2009: Meaning of “the transferee” and “transferor”
Text of the provision Official document
Meaning of “the transferee” and “transferor” 432 1 In this Chapter, “ the transferee ” means—
a in relation to a merger within section 431(3)(a), the SE, b in relation to a merger within section 431(3)(b), the SCE, and c in relation to a merger within section 431(3)(c) or (d), the company to which assets and liabilities are transferred.
2 In this Chapter “ transferor ” means—
a in relation to a merger within section 431(3)(a), a company merging to form the SE, b in relation to a merger within section 431(3)(b), a co-operative society merging to form the SCE, and c in relation to a merger within section 431(3)(c) or (d), a company transferring all its assets and liabilities.
Official source: legislation.gov.uk
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