Section 879G — Corporation Tax Act 2009: The preserved status condition etc

The preserved status condition etc 879G 1 For the purposes of section 879F the other asset meets the preserved status condition if subsection (2) or (3) applies.

2 This subsection applies if the other asset—

a was acquired or created by a company during the period beginning with 8 July 2015 and ending with 31 March 2019, and b was a chargeable intangible asset in the hands of that company at any time during the period beginning with 29 October 2018 and ending with 31 March 2019 when—

i that company and C were related parties, or ii that company and the transferor were related parties.

3 This subsection applies if the other asset was a pre-FA 2019 relevant asset in the hands of a company at any time during the period beginning with 1 April 2019 and ending with the acquisition mentioned in section 879F(1)(b) when—

a that company and C were related parties, or b that company and the transferor were related parties.

4 It does not matter for the purposes of section 879F(1)(a) who created the relevant asset.

5 Any apportionment necessary for the purposes of section 879F(2) must be made on a just and reasonable basis.

6 Section 879E(4) to (7) applies for the purposes of section 879F and this section.

7 Expressions used in this section have the same meaning as in section 879F.