161 Transfer pricing rules to take precedence
Corporation Tax Act 2009 (2009 c 4) | Legislation

Relationship with transfer pricing rules

161  Transfer pricing rules to take precedence

(1)     Section 159 or 160 does not apply if the relevant consideration—

(a)     falls to be adjusted for tax purposes under [Part 4 of TIOPA 2010], or

(b)     falls within [that Part] without falling to be so adjusted.

[(1A)     Subsection (1B) applies in relation to a disposal or acquisition if—

(a)     by virtue of subsection (1), section 159 or 160 does not apply, and

(b)     the market value amount is greater than the

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Common assault and battery

Common assault and batteryThe offences of common assault and batteryTechnically, the offences of assault and battery are separate summary offences. An assault is committed when the defendant intentionally or recklessly causes another to apprehend immediate and unlawful violence and battery is

LEXISNEXIS

In a business-to-business contract where a contractual long-stop date has passed but the parties wish to

In a business-to-business contract where a contractual long-stop date has passed but the parties wish to continue with the contract, should they document their intention to continue or enter into a new contract?Long-stop dateAs stated in the Drafting Notes to clause: Long-stop date definition, the

LEXISNEXIS

Guarantee payments

Guarantee paymentsThis Practice Note explains the right to a guarantee payment, which provides limited pay protection for certain employees who are laid off or put on short-time working.In practice the question whether a guarantee payment is due will usually arise in the case of hourly paid or piece

LEXISNEXIS

What happens when a client receives a custodial sentence?

What happens when a client receives a custodial sentence?This Practice Note reflects the procedural code for sentencing offenders in England and Wales (Sentencing Code) that applies from 1 December 2020, as set out in Parts 2–13 of the Sentencing Act 2020 (SA 2020). For those considering whether the