C: SALE BETWEEN TWO COMPANIES IN THE SAME GROUP253 Tax and stamp duty land tax advantagesThere are significant tax and stamp duty land tax advantages when a business is transferred by one company in a group to another member of the same group.253.1 Capital gainsWhere a member of a group of companies disposes of an asset to another member of that group, there is in effect a deferral of any corporation tax because both members are treated as if the asset was acquired for such consideration as would secure neither a gain nor a loss on the disposal1. Effectively,
There are significant tax and stamp duty land tax advantages when a business is transferred by one company in a group to another member of the same group.
Where a member of a group of companies disposes of an asset to another member of that group, there is in effect a deferral of any corporation tax because both members are treated as if the asset was acquired for such consideration as would secure neither a gain nor a loss on the disposal1. Effectively,
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234