[140A [Transfer or division of UK business]]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[Transfers concerning companies of different member States]

[140A  [Transfer or division of UK business]]

[(1)     This section applies where—

(a)     a [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 a [company] resident in another [relevant state] ([the transferee]),

(b)     the transfer is wholly in exchange for [shares or debentures] issued by [the transferee] to [the transferor],

(c)     a claim is made under this section by [the transferor] and [the transferee],

(d)     section 140B does not prevent this section applying, and

(e)     the appropriate condition is met in relation to [the transferee] immediately after the time of the transfer.

[(1A)     This section also applies where a company transfers part of its business to one or more companies if—

(a)     the transferor is resident in one [relevant state],

(b)

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