149 Arm's length requirement for certain transactions
Finance (No 2) Act 2023 (2023 c 30) | Legislation

149  Arm's length requirement for certain transactions

(1)     Subsection (6) applies to a member of a multinational group if any of Conditions A to D are met.

(2)     Condition A is that—

(a)     a debit is recorded in the underlying profits accounts of the member that arises from a transaction (“the relevant transaction”) comprising a transfer of an asset between the member and another member of that group,

(b)     both members are located in the same territory, and

(c)     the relevant transaction is

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