Section 879H — Corporation Tax Act 2009: Pre-FA 2019 relevant asset: the fourth case

Pre-FA 2019 relevant asset: the fourth case 879H 1 For the purposes of this Chapter a relevant asset of a company is a pre-FA 2019 relevant asset if—

a the company acquired the asset on or after 1 April 2019 directly or indirectly in consequence of, or otherwise in connection with, a disposal of a relevant asset by another person, and b the asset disposed of would have been a pre-FA 2019 relevant asset in the hands of the company had the person transferred it to the company at the time of the disposal.

2 For the purposes of this section it does not matter whether—

a the asset disposed of is the same asset as the acquired asset, b the acquired asset is acquired at the time of the disposal, or c the acquired asset is acquired by merging assets or otherwise.