Where a company ceased to be resident in the UK, and there was deemed as a result to be a transfer of shares between companies within the group, that transfer gave rise to a chargeable gain which was chargeable to Corporation Tax.
Citations:
Times 05-Oct-1999
Statutes:
Income and Corporation Taxes Act 1970, Taxation of Chargeable Gains Act 1992 178
Jurisdiction:
England and Wales
Corporation Tax, Capital Gains Tax
Updated: 10 May 2022; Ref: scu.80173