Commentary

D7.630 Mergers/transfers of business: tax implications

Corporate tax
Corporate tax | Commentary

D7.630 Mergers/transfers of business: tax implications

Corporate tax | Commentary

D7.630 Mergers/transfers of business: tax implications

The tax implications of effecting relevant transfers (as defined at D7.629) are set out in detail in the appropriate regulations1, and apply in the following situations2:

  1.  

    (a)     where there is a relevant transfer within (c) at D7.629 and there is a disposal of an asset by the transferor to the transferee. In such situations, the disposal is treated as taking place on a no gain no loss basis3;

  2.  

    (b)     where there is a relevant transfer within either (a), (c) or a transfer of the whole of a business within (b) at D7.629 and:

    1.  

      (1)    

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