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There are currently no known outstanding effects for the The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007, Paragraph 12.
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12. After section 209(1) (meaning of “distribution”) M1 insert—
“(1A) If a company making a distribution as part of a merger to which section 140E or section 140F M2 of the 1992 Act (cross-border mergers) applies ceases to exist in the course of the merger (without being wound up), the distribution shall be treated for the purposes of subsection (1) as a distribution in respect of share capital in a winding up.”.
Marginal Citations
M1Section 209(1) was amended by section 40 of the Finance Act 2000.
M2Section 140F is inserted by paragraph 2 of Schedule 2 to these Regulations.
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