There are currently no known outstanding effects for the Corporation Tax Act 2009, Section 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.
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