[190 Tax recoverable from another group company or controlling director]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[190  Tax recoverable from another group company or controlling director]

[(1)     This section applies where—

(a)     a chargeable gain has accrued to a company (“the taxpayer company”),

(b)     the condition in subsection (2) below is met, and

(c)     the whole or part of the corporation tax assessed on the company for the accounting period in which the gain accrued (“the relevant accounting period”) is unpaid at the end of the period of six months after it became payable.

(2)     The condition referred to in subsection (1)(b) above is—

(a)     that the taxpayer company is resident in the United Kingdom at the time when the gain accrued, or

[(b)     that the gain is chargeable to corporation tax as a result of section 2B(3) or (4)].

(3)     The following persons may, by notice under this section, be required to pay the unpaid tax—

(a)     if the taxpayer company was a member of a group at the time when the gain accrued—

(i)     a company which was at that time the principal company of the group, and

(ii)     any other company which in any part of the period of twelve months ending with that time was a member of that group

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