- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
90(1)Where—
(a)there is a transfer of the whole of a building society’s business to a company (“the successor company”) in accordance with section 97 and the other applicable provisions of the Building Societies Act 1986 (c. 53), and
(b)the assets included in the transfer include intangible fixed assets that are chargeable intangible assets in relation to the society immediately before the transfer and in relation to the successor company immediately after the transfer,
the transfer of those assets is treated for the purposes of this Schedule as tax-neutral (see paragraph 140).
(2)If because of the transfer a company ceases to be a member of the same group as the society, that event shall not cause paragraph 58 or 60 (deemed realisation and reacquisition) to have effect as respects any asset acquired by the company from the society or any other member of the same group.
(3)Where the society and the successor company are members of the same group at the time of the transfer but later cease to be so, that later event shall not cause paragraph 58 or 60 to have effect as respects—
(a)any asset acquired by the successor company on or before the transfer from the society or any other member of the same group, or
(b)any asset acquired from the society or any other member of the same group by a company other than the successor company that is a member of the same group at the time of the transfer.
(4)Where a company which is a member of the same group as the society at the time of the transfer—
(a)ceases to be a member of that group and becomes a member of the same group as the successor company, and
(b)subsequently ceases to be a member of that group,
paragraph 58 has effect on that later event as respects any asset to which this sub-paragraph applies that is acquired by the company otherwise than from the successor company as if it had been acquired from the successor company.
(5)Sub-paragraph (4) applies to any asset acquired by the company from the society, or from another company which is a member of the same group at the time of the transfer, when the company and the society, or the company, the society and the other company, were members of the same group.
(6)Sub-paragraph (4) does not apply where—
(a)the company which acquired the asset is a 75% subsidiary of the company from which it was acquired, or vice versa, and
(b)those companies cease simultaneously to be members of the same group as the successor company but continue to be members of the same group as one another.
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