Part 3 Treatment of Assets Subject to EU Exit Charges
Finance Act 2019 (2019 c 1) | Legislation

Part 3 Treatment of Assets Subject to EU Exit Charges

11

(1)     After section 184I of TCGA 1992 insert—

“Assets subject to EU exit charges

184J Asset subject to EU exit charge on becoming chargeable asset

(1)     This section applies if—

(a)     an asset becomes a chargeable asset in relation to a company by reason of an event specified in subsection (2), and

(b)     on the occurrence of that event the company becomes subject to an EU exit charge in relation to the asset.

(2)     The events are—

(a)     the company becoming resident in the United Kingdom, and

(b)     in the case of a company that is not resident in the United

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