[171A Election to reallocate gain or loss to another member of the group]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[171A  Election to reallocate gain or loss to another member of the group]

[(1)     This section applies where—

(a)     a chargeable gain or an allowable loss accrues to a company (“company A”) in respect of an asset (or would so accrue but for an election under this section),

(b)     at the time of accrual, company A and another company (“company B”) are members of the same group, and

(c)     had company A disposed of the asset to company B immediately before the time of accrual, section 171(1) would have applied.

[(2)     In determining for the purposes of subsection (1)(c) whether subsection (1) of section 171 would have applied,

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