Paragraph 23 I1

But where, in a case to which paragraph 21 or 22 applies—

(a)

the buyer ceases to be a member of the same group as the acquiring company in the circumstances mentioned in paragraph 24, and

(b)

at the time the buyer ceases to be a member of the same group as the acquiring company, it or a relevant associated company holds a chargeable interest to which paragraph 25 applies,

this schedule applies as if the buyer had then ceased to be a member of the same group as the seller.

Annotations

Commencement

I1: Sch. 10 para. 23 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2