Insertion of regulation 15C
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Memorandwm Esboniadol
12. After regulation 15B (inserted by regulation 11) insert—
“15C. In section 444AEA (transfer schemes: anti-avoidance rule)(1), in subsection (6), in the definition of “surplus-increasing transfer of assets”, in a case where the transferor is an EEA firm or a Treaty firm, for “increases the amount of total surplus shown in line 39 of Form 58” substitute “gives rise to an amount that increases the profits or reduces the losses shown”.”.
(1)
Section 444AEA was inserted by paragraph 8 of Schedule 9 to the Finance Act 2007.