Section 626 | Transactions to which section 625 applies

(1)This section applies for the purposes of section 625(1)(a).

(2)A transaction is within this subsection if it is a related transaction between two companies which are—

(a)members of the same group, and

(b)within the charge to corporation tax in respect of that transaction.

(3)A series of transactions is within this subsection if it is a series of transactions having the same effect as a related transaction between two companies each of which—

(a)has been a member of the same group at any time in the course of that series of transactions, and

(b)would be within the charge to corporation tax in respect of such a related transaction.