Point in time view as at 26/05/2015.
Taxation of Chargeable Gains Act 1992, Paragraph 9 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
9(1)In paragraph 8 above “the relevant time”, in relation to a group of companies, is—U.K.
(a)the first time when any company which is then a member of the group, and is not an outgoing company in relation to the group, makes a disposal to which section 35 applies,
(b)the time immediately following the first occasion when a company which is an incoming company in relation to the group becomes a member of the group,
(c)the time when an election is made by the principal company,
whichever is earliest.
(2)In paragraph 8 above and this paragraph—
“incoming company”, in relation to a group of companies, means a company which—
makes its first disposal to which section 35 applies at a time when it is not a member of the group, and
becomes a member of the group before the end of the period during which an election under section 35(5) could be made in relation to it and at a time when no such election has been made, and
“outgoing company”, in relation to a group of companies, means a company which ceases to be a member of the group before the end of the period during which an election under section 35(5) could be made in relation to it and at a time when no such election has been made.
(3)Section 170 shall have effect for the purposes of paragraph 8 above and this paragraph as for those of sections 170 to 181.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
