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Taxation of Chargeable Gains Act 1992

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Changes over time for: Paragraph 9

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Point in time view as at 26/05/2015.

Changes to legislation:

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. Help about Changes to Legislation

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—

    (a)

    makes its first disposal to which section 35 applies at a time when it is not a member of the group, and

    (b)

    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.

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