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Legislation
Corporation Tax Act 2010

Crossheading Exempt distributions

  • Section 1075 Exempt distributions
  • Section 1076 Transfer of shares in subsidiaries to members
  • Section 1077 Transfer by distributing company and issue of shares by transferee company
  • Section 1078 Division of business in a cross-border transfer
  • Section 1079 “The distributing company”
  • Section 1080 Meaning of “relevant company”
  1. Exempt distributions
  2. Meaning of “relevant company”

Section 1080 | Meaning of “relevant company”

From legislation.gov.uk

(1)This section gives the meaning of “relevant company” in this Chapter.

(2)In the case of a distribution falling within section 1076(a) the relevant companies are—

(a)the distributing company, and

(b)each subsidiary whose shares are transferred as mentioned in section 1076(a).

(3)In the case of a distribution falling within section 1077(1), the relevant companies are—

(a)the distributing company,

(b)each transferee company mentioned in section 1077(1)(a), and

(c)each subsidiary whose shares are transferred as mentioned in section 1077(1)(a)(ii).

(4)In the case of a distribution falling within section 1078(1), the relevant companies are—

(a)the distributing company, and

(b)each transferee company mentioned in section 1078(1)(a).

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