Part 23 Company distributions

Chapter 3 Matters which are not distributions

Distribution as part of a cross-border merger

1031 Distribution as part of a cross-border merger
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.
Pt. 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)