Corporation Tax Act 2010 (c. 4)

Part 23U.K.Company distributions

Modifications etc. (not altering text)

C1Pt. 23 applied (with modifications) by 2003 c. 1, s. 554AC(3) (as inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by Finance Act 2018 (c. 3), Sch. 1 para. 2)

Chapter 3U.K.Matters which are not distributions

Distribution as part of a cross-border mergerU.K.

1031Distribution as part of a cross-border mergerU.K.

If—

(a)a company making a distribution as part of a merger ceases to exist (without being wound up), and

(b)section 140E or 140F of TCGA 1992 (cross-border mergers) applies in relation to the merger,

the distribution is not a distribution of a company for the purposes of the Corporation Tax Acts.