Part 22 Miscellaneous provisions

Chapter 9 Other miscellaneous provisions

Harbour reorganisation schemes

993 Harbour reorganisation schemes: chargeable gains
(1) The transferee is entitled to corporation tax relief in respect of chargeable gains for an amount to which subsection (2) applies.
(2) This subsection applies to an amount for which, if the transferor had continued to carry on the trade, it would have been entitled to claim relief in respect of allowable losses.