[371IC What is the “qualifying value” of “relevant pre-acquisition funds or other assets”?]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371IC  What is the “qualifying value” of “relevant pre-acquisition funds or other assets”?]

[(1)     This section applies for the purposes of section 371IB(7)(b).

(2)     It applies if—

(a)     a member of the CFC group acquires shares in a company (“the target company”) from persons who are not members of that group (“the unconnected persons”),

(b)     in consideration for the acquisition of the shares, a member of the CFC group (“the parent member”) which is not the 51% subsidiary of any

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