Taxation of Chargeable Gains Act 1992 section 140C

Transfer or division of non-UK business

Section 140C provides relief where a UK resident company transfers all or part of a business operated through a permanent establishment in a member state to a company resident in a member state, allowing losses on the transfer to be netted against gains to produce a single chargeable gain.

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.