Part 23Company distributions
Chapter 3Matters which are not distributions
Distribution as part of a cross-border merger
1031Distribution as part of a cross-border merger
If—
(a)
a company making a distribution as part of a merger ceases to exist (without being wound up), and
(b)
section 140E or 140F of TCGA 1992 (cross-border mergers) applies in relation to the merger,
the distribution is not a distribution of a company for the purposes of the Corporation Tax Acts.