[140E Merger leaving assets within UK tax charge]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[Mergers Within European Community]

[140E  Merger leaving assets within UK tax charge]

[(1)     This section applies on a merger which satisfies the conditions specified in subsection (2), where—

(a)     an SE is formed by the merger of two or more companies in accordance with Articles 2(1) and 17(2)(a) or (b) of Council Regulation (EC) 2157/2001 on the Statute for a European Company (Societas Europaea),

(b)     an SCE is formed by the merger of two or more cooperative societies, at least one of which is a [registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 [or a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969], in accordance with Articles 2(1) and 19 of Council Regulation (EC) 1435/2003 on the Statute for a European Cooperative Society (SCE),

(c)     the merger is effected by the transfer by one or more companies of all their assets and liabilities to a single existing company, or

(d)     the merger is effected by the transfer by two or more companies of all their assets and liabilities to a single new company (other than an SE or an SCE) in exchange for the issue by

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