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Part 22Miscellaneous provisions

Chapter 9Other miscellaneous provisions

Harbour reorganisation schemes

993Harbour 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.