Sale of lessor companies and similar arrangements: partnerships: change in ownership of a partner company - identifying ‘ relevant transferred plant or machinery’
Section 411 CTA2010
In a case where there is a change in ownership of a partner company the rules identify assets transferred from any company associated with the partner.
Example: change in ownership of partner
Insert’ attachment at BLM81050A’ here
In this example there is a change in ownership of both partners A Ltd and B Ltd. The companies associated with A Ltd and B Ltd are C Ltd and D Ltd.
- A Ltd is the partner company;
- C Ltd is an associated company of A Ltd;
- B Ltd is the other partner company in relation to which there is a qualifying change of ownership
- D Ltd is an associated company of B Ltd.