SCHEDULES
SCHEDULE 5Non-UK resident companies carrying on UK property businesses etc
PART 3Commencement and transitional provisions
46Transitional provisions
1
An election under section 792 of CTA 2009 (reallocation of degrouping charge within a group) may not be made if—
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.