CTM34120 - Residence: outward company migration: post 15/3/88

A company incorporated in the UK which is resident here under the incorporation rule of FA88/S66 does not cease to be resident if it transfers its central management and control out of the UK, except where FA94/S249 applies. A company incorporated outside the UK can cease to be resident by transferring its central management and control outside the UK.

Companies which intend to migrate must comply with FA88/S130, see CTM34160.