Section 162C | Disincorporation relief: post-FA 2002 goodwill ^F1

(1)This section applies where—

(a)a company transfers its business to some or all of the shareholders of the company,

(b)a claim for disincorporation relief in respect of the transfer has been made under section 58 of the Finance Act 2013, and

(c)section 849A of CTA 2009 (disincorporation relief: transfer values for post-FA 2002 goodwill) applies to the transfer of the goodwill of the business.

(2)The acquisition of the goodwill of the business is deemed to be for a consideration equal to the value at which the goodwill is treated as transferred by virtue of section 849A of CTA 2009.