181 Transfers within a group by companies carrying on ring fence trade
Finance Act 2012 (2012 c 14) | Legislation

Part 5 Oil

181  Transfers within a group by companies carrying on ring fence trade

(1)     Section 171A of TCGA 1992 (election to reallocate gain or loss to another member of group) is amended as follows.

(2)     In subsection (4), at the end insert “(but see subsection (4A))”.

(3)     After subsection (4) insert—

“(4A)     An election may not be made under this section to transfer the whole

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