|
|
|
Amendment of Part 20 of Principal Act (companies’ chargeable gains)
|
| |
31. Part 20 of the Principal Act is amended—
|
|
| |
(a) in section 616(1)(a) by substituting “sections 617(5), 621(1) and 623(7)” for “section 621(1)”,
|
|
| |
(b) in section 617 by inserting the following after subsection (4):
|
|
| |
“(5) For the purposes of this section, a ‘group of companies’ shall include only companies which, by virtue of the law of a relevant Member State or other territory with the government of which arrangements having the force of law by virtue of section 826(1) have been made, are resident for the purposes of tax in such Member State or territory, as the case may be, and for this purpose ‘tax’, in relation to a relevant Member State or such territory, other than the State, means any tax imposed in the Member State or territory which corresponds to corporation tax in the State.”,
|
|
| |
and
|
|
| |
(c) in section 623 by inserting the following after subsection (6):
|
|
| |
“(7) For the purposes of this section, a ‘group of companies’ shall include only companies which, by virtue of the law of a relevant Member State or other territory with the government of which arrangements having the force of law by virtue of section 826(1) have been made, are resident for the purposes of tax in such Member State or territory, as the case may be, and for this purpose ‘tax’, in relation to a relevant Member State or such territory, other than the State, means any tax imposed in the Member State or territory which corresponds to corporation tax in the State.”.
|
