Corporation Tax Act 2010 section 824

Tracing value

Section 824 provided rules for tracing the movement of value through a series of transactions, but was removed from the legislation with effect from 5 July 2016.

• Section 824 was part of Part 18 of the Corporation Tax Act 2010 and dealt with the concept of tracing value through transactions.
• Tracing value is a technique used in tax legislation to follow the economic substance of assets or funds as they pass through different hands or structures.
• The entire Part 18, which contained this section, was repealed by Finance Act 2016, section 77(4).
• The repeal applies to all disposals made on or after 5 July 2016, meaning the provision has no continuing effect for transactions from that date onwards.