Finance Act 2019 (c. 1)

SCHEDULES

SCHEDULE 5 U.K. Non-UK resident companies carrying on UK property businesses etc

Modifications etc. (not altering text)

C1 Sch. 5 modified (22.7.2020) by Finance Act 2020 (c. 14), Sch. 6 para. 10

PART 3 U.K. Commencement and transitional provisions

Transitional provisions U.K.

46 (1) An election under section 792 of CTA 2009 (reallocation of degrouping charge within a group) may not be made if— U.K.

(a) subsection (3A) of section 793 applies to B, and

(b) the relevant time is before 5 July 2016.

(2) An election under section 792 of CTA 2009 may not be made if—

(a) subsection (3B) of section 793 applies to B, and

(b) the relevant time is before the commencement date.

(3) In this paragraph references to “B” and “the relevant time” must be read in accordance with section 792 of CTA 2009.

Commencement Information

I1 Sch. 5 para. 46 in force at 6.4.2020, see Sch. 5 para. 35