This section empowers the Revenue to recover unpaid tax in respect of a chargeable gain by assessing the principle member of the group or any member which owned the asset while a member of the group. Any company so assessed is given rights of recovery against either the member of the group to which the gain accrued or the principal member of the group; and the principal company is in its turn given rights of recovery against the company to which the gain accrued and against any other member of the group which owned the asset.
SECTION 134.
Question proposed: " That section 134 stand part of the Bill."
In other words, you retain the right of supplication, the right to go to court?
Yes. It follows as a corollary to providing these reliefs.
It would be necessary to have it in the Act in case of difficulties.
Yes.
Question put and agreed to.