179 Company ceasing to be member of group: post-appointed day cases
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

179  Company ceasing to be member of group: post-appointed day cases

[(1)     This section applies where—

(a)     a company (“company A”) acquires an asset from another company (“company B”) at a time when [company A and company B are members of the same group],

(b)     the conditions in subsection (1A) below are met, and

(c)     company A ceases to be a member of that group within the period of six years after the time of the acquisition.

References in this section to a company ceasing to be a member of a group of companies do not apply to cases where a company ceases to be a member of a group in consequence of another member of the group ceasing to exist.

(1A)     The conditions referred to in subsection (1)(b) above are—

(a)     that company A is resident in the United Kingdom at the time it acquires the asset, or the asset is a chargeable asset in relation to that company immediately after that time, and

(b)     that company B is resident in the United Kingdom at the time of that acquisition, or the asset is a chargeable asset in relation to that company immediately before that time.

....

[(1AA)

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