122 Tax treated as chargeable in respect of gains on transfer of non-UK business
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

Cross-border transfers and mergers: chargeable gains

122  Tax treated as chargeable in respect of gains on transfer of non-UK business

(1)     Subsection (3) applies if—

(a)     section 140C or 140F of TCGA 1992 applies, and

(b)     gains accruing to company A on the transfer would have been chargeable to tax under the law of the host State but for the Mergers Directive.

(2)     In this section—

“company A”—

(a)     means the transferor within the meaning given by subsection (1) or (1A) of section 140C

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