| Commentary

30.3 Chargeable gains tax groups

| Commentary

30.3 Chargeable gains tax groups

A group for chargeable gains purposes exists where there is a principal company which has a 75% subsidiary (and will include any 75% subsidiaries of such subsidiaries and so on), so long as there are no subsidiaries which are not effective 51% subsidiaries1 of the principal company. A company may not be a member of more than one chargeable gains group. Any transfer of a chargeable capital asset between members of a chargeable gains group will be treated as having been made on a no gain/no loss basis, but there are clawback arrangements

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