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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Groups: rebasing: elections out of kink test: outgoing company

An `outgoing company’ is defined by TCGA92/SCH3/PARA9 (2) as a company which leaves the group before the end of the period during which an election could be made in relation to it and at a time when no such election has been made.