845 Transfer between company and related party treated as at market value
Corporation Tax Act 2009 (2009 c 4) | Legislation

Transfers treated as being at market value

845  Transfer between company and related party treated as at market value

(1)     The basic rule is that a transfer of an intangible asset—

(a)     from a company to a related party, or

(b)     to a company from a related party,

is treated for all purposes of the Taxes Acts as being at market value (as respects both the company and the related party) if condition A or B is met.

(2)     Condition A is that the asset is a chargeable intangible asset in relation to the transferor immediately before the transfer.

(3)     Condition B is that

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