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Taxation of Chargeable Gains Act 1992 section 185
Deemed disposal of assets on company ceasing to be resident in U.K.
Section 185 imposes an exit charge on companies that cease to be UK resident, by deeming them to have disposed of and reacquired all their assets at market value immediately before departure, subject to exceptions for assets that remain within the charge to UK tax through a permanent establishment.
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