Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Capital Gains Manual

Groups: rebasing: elections out of kink test: incoming company

An `incoming company’ is defined by TCGA92/SCH3/PARA9 (2) as a company which makes its first disposal to which Section 35 applies before it joins the group, and joins 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.