Section 626 — Corporation Tax Act 2009: Transactions to which section 625 applies

Transactions to which section 625 applies 626 1 This section applies for the purposes of section 625(1)(a).

2 A transaction is within this subsection if it is a related transaction between two companies which are—

a members of the same group, and b within the charge to corporation tax in respect of that transaction.

3 A series of transactions is within this subsection if it is a series of transactions having the same effect as a related transaction between two companies each of which—

a has been a member of the same group at any time in the course of that series of transactions, and b would be within the charge to corporation tax in respect of such a related transaction.