185 Deemed disposal of assets on company ceasing to be resident in UK
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

Non-resident and dual resident companies

185  Deemed disposal of assets on company ceasing to be resident in UK

(1)     This section [applies] to a company if, at any time (“the relevant time”), the company ceases to be resident in the United Kingdom.

(2)     The company shall be deemed for all purposes of this Act—

(a)     to have disposed of all its assets, other than assets excepted from this subsection by subsection (4) below, immediately before the relevant time; and

(b)     immediately to have reacquired them,

at their market value at that time.

(3)     Section

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