Paragraph 21 I1

Relief under this schedule is not withdrawn where—

(a)

the buyer ceases to be a member of the same group as the seller as a result of an acquisition of shares by another company (“the acquiring company”) in relation to which—

(i)

section 75 of the Finance Act 1986 (c.41) (stamp duty: acquisition relief) applies, and

(ii)

the conditions for relief under that section are met, and

(b)

the buyer is immediately after that acquisition a member of the same group as the acquiring company.

Annotations

Commencement

I1: Sch. 10 para. 21 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2