Section 830 — Corporation Tax Act 2009: Exclusion from section 829 of group transfers

Exclusion from section 829 of group transfers 830 1 For the purposes of section 829(1), any disposal within section 171 of TCGA 1992 (transfers within a group) is ignored.

2 For the purposes of section 829(3), any transfer by one member of a group to another is ignored.

3 This subsection applies if—

a a person (“A”) acquires securities on a transfer that is ignored under subsection (1),

and b any previous transfer that has occurred was ignored under subsection (1) or (2).

4 If subsection (3) applies, a subsequent realisation of the securities by A is treated as a realisation by the transferor.

5 This subsection applies if—

a a person (“B”) acquires an asset on a transfer that is ignored under subsection (2),

and b no previous transfer has occurred that was not ignored under subsection (1) or (2).

6 If subsection (5) applies, a subsequent realisation of the asset by B is treated as a realisation by the transferee.