Market leading insight for tax experts
View online issue

European cases on TOGC relief

Speed read

In order for TOGC relief to be available when part of a business is transferred, the economic activity must not change as a result of the transfer. Further, what is to be transferred must be more than a bundle of disparate assets, it must be capable of putting the transferee in possession of something that can be operated as a business. The recent case of AB SKF opens up a new possibility that a share sale can be treated as a TOGC and this offers an opportunity for increased VAT recovery.

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.