Section 850 — Corporation Tax Act 2009: Part realisation involving related party acquisition: exclusion of roll-over relief

Part realisation involving related party acquisition: exclusion of roll-over relief 850 1 Chapter 7 (roll-over relief in case of realisation and reinvestment) does not apply in relation to the part realisation by a company of an intangible fixed asset if there is a related party acquisition as a result of, or in connection with, the part realisation.

2 For this purpose there is a related party acquisition if a person who is a related party in relation to the company acquires an interest of any description—

a in the intangible fixed asset, or b in an asset whose value is derived in whole or in part from that asset.