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(2ZA)Sections 849AB to 849AD make provision for the grant of a licence or other right by a company to a related party, or vice versa, to be treated as being at market value.]
F3(2A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(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(2ZA) inserted (with application in accordance with s. 21(3) of the amending Act) by Finance Act 2018 (c. 3), s. 21(1)
F3S. 844(2A) omitted (with effect in accordance with s. 33(9)(10) of the amending Act) by virtue of Finance (No. 2) Act 2015 (c. 33), s. 33(6)