SCHEDULES
SCHEDULE 1Chargeable gains accruing to non-residents etc
PART 2Consequential amendments
61TCGA 1992
1
Section 171 (transfers within a group: general provisions) is amended as follows.
2
3
After subsection (1A) insert—
1B
If—
a
company A is deemed under section 25(3) to have previously disposed of the asset, but
b
no gain or loss accrued on that deemed disposal as a result of section 25ZA(2),
that deemed disposal is to be ignored in applying subsection (1) of this section in relation to company B.
4
In subsection (2), omit paragraph (ba).