The Corporation Tax Act 2010 Part 23 Chapter 5 contains provisions about demergers1. The purpose of the provisions about demergers is to facilitate certain transactions whereby trading activities carried on by a single company2 or group3 are divided so as to be carried on by:
(1) two or more companies not belonging to the same group; or
(2) by two or more independent groups4.
An exempt distribution is not a distribution5 of a company for the purposes of the Corporation Tax Acts6. For these purposes, an 'exempt distribution' means a distribution which is an exempt distribution by virtue of any
**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.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234