779 Rules that apply to cases within section 778(1)
Corporation Tax Act 2009 (2009 c 4) | Legislation

779  Rules that apply to cases within section 778(1)

(1)     The expenditure by A on the acquisition is treated as expenditure on acquiring the underlying assets.

(2)     The amount of the expenditure so treated is taken to be the lower of—

(a)     the tax written-down value of the underlying assets immediately before the acquisition, and

(b)     the amount or value of the consideration for the

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