18. Transfer of a business as a going concern
How transfer of a business as a going concern (TOGC) works, and how to apply.
There may be a transfer of a business as a going concern (TOGC) if the assets of the business are transferred to a different legal entity when they continue to be used in the same type of business as that of the transferor.
18.2 How office holders may apply for a TOGC
An office holder may treat the transfer of the assets of a business as not being a supply when the business is transferred as a going concern and the transfer can meet the criteria set out in Transfer of a business as a going concern (Notice 700/9).