46 Transfer of a trade: supplementary (1).U.K.
(1)The M1Taxation of Chargeable Gains Act 1992 shall have effect, and be deemed always to have had effect, with the following amendments.
(2)In section 35(3)(d)(i) (re-basing) after “139," there shall be inserted “ 140A, ”.
(3)In section 116(11) (qualifying corporate bonds) after “139," there shall be inserted “ 140A, ”.
(4)In section 140 (transfer of assets to non-resident company) the following subsection shall be inserted after subsection (6)—
“(6A)No claim may be made under this section as regards a transfer in relation to which a claim is made under section 140C.”
(5)In section 174 (disposal or acquisition outside a group)—
(a)in subsection (2) after the word “section" (in the first place where it occurs) there shall be inserted “ 140A, ”;
(b)in subsection (3) after “section" there shall be inserted “ 140A, ”.
(6)In section 177(2) (dividend stripping) after “which section" there shall be inserted “ 140A, ”.
(7)In section 184(2) (indexation)—
(a)after the word “section" (in the first place where it occurs) there shall be inserted “ 140A, ”;
(b)for “either" there shall be substituted “ one ”.
Marginal Citations