Corporation Tax Act 2009 section 787

Company ceasing to be member of group because of exempt distribution

Section 787 provides relief from the intangible fixed assets degrouping rules when a company leaves a group as a result of a qualifying demerger, unless a chargeable payment is subsequently made to members.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.