561 [Transfer or division of UK business]

561  [Transfer or division of UK business]

[(1)     This section applies if and in so far as—

(a)     a qualifying company resident in one [relevant state] (“the transferor”) transfers the whole or part of a business carried on by it in the United Kingdom to one or more qualifying companies resident in one or more other [relevant states] (“the transferee” or “the transferees”),

(b)     section 140A of TCGA

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