Corporation Tax Act 2009 section 102

References to Companies Act 2006

Section 102 provides a transitional rule ensuring that references to the Companies Act 2006 provision on a limited company acquiring its own shares are read as references to the equivalent older Companies Act 1985 provision until the newer legislation comes into force.

• Section 658 of the Companies Act 2006 contains the rule against a limited company acquiring its own shares, replacing section 143 of the Companies Act 1985.
• Until section 658 formally comes into force, any references to it in sections 819(3)(f)(ii) and 821(5)(b) of the Corporation Tax Act 2009 are to be read as references to section 143 of the Companies Act 1985.
• Sections 819 and 821 deal with European cross-border transfers of business and European cross-border mergers respectively, both within the intangible fixed assets rules.
• This is a purely transitional provision to ensure continuity of the law during the changeover from the 1985 Act to the 2006 Act.