19(1)For the purposes of the application of [F1Part 7 of the Corporation Tax Act 2009 (derivative contracts)] in relation to a relevant transfer, the transferee and the transferor are to be treated as if, at the time of the transfer, they were members of the same group.E+W+S
(2)In sub-paragraph (1), the reference to being members of the same group must be construed in accordance with [F2section 624(3) of that Act].
Textual Amendments
F1Words in Sch. 10 para. 19(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 667(6)(a) (with Sch. 2 Pts. 1, 2)
F2Words in Sch. 10 para. 19(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 667(6)(b) (with Sch. 2 Pts. 1, 2)
Commencement Information
I1Sch. 10 para. 19 in force at 8.6.2005 by S.I. 2005/1444, art. 2(1), Sch. 1