[195C Company that receives mixed consideration: N exceeds C]

[195C  Company that receives mixed consideration: N exceeds C]

[(1)     This section applies to a mixed-consideration swap if—

(a)     the no gain/no loss amount (“N”) of the company that receives the mixed consideration (“company R”), exceeds

(b)     the amount of non-licence consideration (“C”) which company R receives.

(2)     In a case where company R acquires only one licence, company R is to be treated as if it had acquired the licence for a consideration

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