825 Application of sections 780 and 785 where transfer within section 824 occurs
Corporation Tax Act 2009 (2009 c 4) | Legislation

825  Application of sections 780 and 785 where transfer within section 824 occurs

(1)     This section deals with the application of—

(a)     section 780 (deemed realisation and reacquisition at market value), and

(b)     section 785 (principal company becoming member of another group),

where there is a transfer within section 824.

(2)     If, because of the transfer, a company ceases to be a member of the same group as the building society, that event does not cause section 780 or 785 to apply as respects any asset acquired by the company from the building society or any other member of

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