This is the second in a series of articles in which we explore the tax rules applying to intra-group transactions. In the first article we looked at the basic definition of a corporate group as it applies to the capital gains tax and IP legislation. We shall now see how the legislation ensures that intra-group transactions are tax neutral.
But why are intra-group transactions tax neutral?
So what does it mean when we say that a transaction is tax neutral?
What about IP?
And finally ... rounding off with a few words on tax avoidance and corporate wrappers