192 Recalculation where member leaves the group
Finance (No 2) Act 2023 (2023 c 30) | Legislation

192  Recalculation where member leaves the group

(1)     This section applies where—

(a)     in an accounting period (“the relevant period”), a standard member of a multinational group (“D”) in a territory (“the relevant territory”)—

(i)     leaves the group,

(ii)     transfers all, or substantially all, of its assets to an entity who is not a member of the group or to an individual, or

(iii)     transfers all, or substantially all, of its assets to a member of the group that is not located in the relevant territory, and

(b)     the standard members (including D) of the group in the relevant territory (“the relevant members”) had, in previous accounting periods, one or more recapture amounts (each a “recapture period”).

(2)     Where this section applies, the

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