Taxation of Chargeable Gains Act 1992 section 140K

Transparent entities: taxation after merger etc.

Section 140K deals with how to calculate chargeable gains when a person disposes of an interest in an asset held by a transparent entity that received assets through a qualifying merger or transfer, and that person had already been taxed on a gain when exchanging their shares or debentures in the original company for an interest in the transparent entity.