Commentary

D5.128 Transfers of assets and liabilities (paragraph G)

Corporate tax
Corporate tax | Commentary

D5.128 Transfers of assets and liabilities (paragraph G)

Corporate tax | Commentary

D5.128 Transfers of assets and liabilities (paragraph G)

There are several types of distributions as detailed in D5.102, one of which is the transfer of assets or liabilities which may be treated as distributions under paragraph G of CTA 2010, s 1000(1).

Where there is a transfer of assets or liabilities from a company to its members and the amount or value of the benefit obtained by a member exceeds the amount or value of the new consideration given by the member, the excess is a distribution. Similarly, where there is a transfer of assets or liabilities from a member to

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