Commentary

D1.660 Intangible assets transferred with a business or trade summary

Corporate tax
Corporate tax | Commentary

D1.660 Intangible assets transferred with a business or trade summary

Corporate tax | Commentary

Corporate intangible regime—transfer of a business or trade

D1.660 Intangible assets transferred with a business or trade summary

The corporate intangible regime1 provides that certain transfers/mergers of businesses can be made on a tax neutral or other tax advantageous basis. The reliefs provided closely mirror the equivalent reliefs which apply for capital gains purposes. A summary of the reliefs and the and equivalent capital gains commentary are set out below.

TransactionTax reliefIntangible referenceCapital gains reference
Company reconstruction involving transfer of businessTax neutral transferD1.661D6.450
Cross border transfer of a non-UK business from UK

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