Trading losses: change in ownershipU.K.
30(1)This paragraph applies to a relevant transfer of all the issued share capital of a company (the “transferred company”).U.K.
(2)For the purposes of [F1Chapters 2 to 5 of Part 14 of CTA 2010], 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.
Textual Amendments
F1Words in Sch. 13 para. 30(2) substituted (with effect in accordance with s. 1184(1) of the commencing Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 584(4) (with Sch. 2)