The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 No. 3186

SCHEDULE 1 CROSS-BORDER TRANSFERS OF BUSINESS

PART 1 AMENDMENTS OF TGCA 1992

Division of non-UK business

5.  In section 140D (section 140C: anti-avoidance)—

(a) for “company A” substitute “the transferor”, and

(b) for “trade” substitute “business”.