Commentary on Sections Overview Chapter 9: Application of this Part to groups of companies Section 785: Principal company becoming member of another group
2092.This section modifies the effect of section 780 in cases where degrouping occurs only because the principal company becomes a member of another group: a degrouping charge then arises only in circumstances which amount to a subsequent effective disposal of the intangible fixed asset within six years. It is based on paragraph 60 of Schedule 29 to FA 2002.