Commentary on Sections Overview Chapter 11: Transfer of business or trade Section 826: Amalgamation of, or transfer of engagements by, certain societies
2151.This section allows the tax-neutral transfer between certain societies of intangible fixed assets within the intangible fixed assets rules when the transfer is part of an amalgamation of the societies or when the whole or a part of the business of one society is transferred to the other (“a transfer of engagements”). It is based on paragraph 91 of Schedule 29 to FA 2002.