[400A Carry forward of excess debt cap: new holding company]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[400A  Carry forward of excess debt cap: new holding company]

[(1)     This section applies if—

(a)     a company (“C”) ceases to be the ultimate parent of a worldwide group (“the old group”) because of a qualifying takeover, and

(b)     another company (“N”) becomes the ultimate parent of a worldwide

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