Taxes Consolidation Act, 1997
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Replacement of business assets by members of group. [CTA76 s133] |
620.—For the purposes of section 597 , all the trades carried on by members of a group of companies shall be treated as a single trade (except in a case of one member of the group acquiring, or acquiring the interest in, the new assets from another member or disposing of, or disposing of the interest in, the old assets to another member). |