844Overview of ChapterU.K.
(1)This Chapter sets out special rules relating to transactions between related parties.
(2)Sections 845 to [F1849A] are about the rule that transfers between a company and a related party are treated as being at market value.
[F2(2A)Sections 849B to 849D contain restrictions relating to debits in respect of goodwill and certain other assets acquired by a company from—
(a)an individual who is a related party in relation to the company, or
(b)a firm with a member who is an individual and a related party in relation to the company.]
(3)Sections 850 and 851 set out other rules for transactions involving related parties.
(4)See Chapter 12 for the meaning of “related parties”.
Textual Amendments
F1Word in s. 844(2) substituted (with effect in accordance with s. 61(6) of the amending Act) by Finance Act 2013 (c. 29), s. 61(3)
F2S. 844(2A) inserted (with effect and application in accordance with s. 26(5) of the amending Act) by Finance Act 2015 (c. 11), s. 26(3)