Taxes Consolidation Act, 1997
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PART 21 Mergers, Divisions, Transfers of Assets and Exchanges of Shares Concerning Companies of Different Member States | ||
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Interpretation ( Part 21 ). [FA92 s64] |
630.—In this Part— | |
“bilateral agreement” means arrangements having the force of law by virtue of section 826 ; | ||
“company” means a company from a Member State; | ||
“company from a Member State” has the meaning assigned to it by Article 3 of the Directive; | ||
“the Directive” means Council Directive No. 90/434/EEC of 23 July 19901 on the common system of taxation applicable to mergers, divisions, transfers of assets and exchanges of shares concerning companies of different Member States; | ||
“Member State” means a Member State of the European Communities; | ||
“receiving company” means the company to which the whole or part of a trade is transferred in the course of a transfer; | ||
“securities” means shares and debentures; | ||
“shares” includes stock; | ||
“transfer” means the transfer by a company of the whole or part of its trade in the circumstances set out in section 631 (1) or 634 (2), as the case may be; | ||
“transferring company” means the company by which the whole or part of a trade is transferred in the course of a transfer. | ||