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Section 58: Disincorporation relief

Finance Act 2013 · 2013 c. 29View on legislation.gov.uk

Part 1: Income Tax, Corporation Tax and Capital Gains Tax — CHAPTER 5: Other provisions

A claim for relief under this section ("disincorporation relief") may be made where—

a company transfers its business to some or all of the shareholders of the company,
the transfer of the business is a qualifying business transfer (see section 59), and
the business transfer date falls within the period of 5 years beginning with 1 April 2013.

As to the consequences of a claim for disincorporation relief being made, see—

  • sections 162B and 162C of TCGA 1992;

  • section 849A of CTA 2009.

This section and sections 59 and 60 apply to a transfer of a business with a business transfer date of 1 April 2013 or a later date.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.