Sch 1 para 62
In section 171A (election to reallocate gain or loss to another member of the group), for subsection (2) substitute— (2) In determining for the purposes of subsection (1)(c) whether subsection (1) of section 171 would have applied, it is to be assumed that subsection (1A)(b) of that section read— (b) that— (i) at the time of the disposal, company B is resident in the United Kingdom, or carrying on a trade in the United Kingdom through a permanent establishment there, or (ii) the asset is a chargeable asset in relation to company B immediately after the time of the disposal.”