SCHEDULES
SCHEDULE 13Transfer schemes: tax provisions
Part 5Other provisions concerning transfers between public bodies
30Trading losses: change in ownership
1
This paragraph applies to a relevant transfer of all the issued share capital of a company (the “transferred company”).
2
For the purposes of sections 768 to 768E of ICTA, the transfer is not to be taken to result in a change in the ownership of—
a
the transferred company, or
b
a company which is a wholly-owned subsidiary of the transferred company when the transfer takes effect.