SCHEDULE 10Group relief
PART 3Withdrawal of relief
Cases where relief not withdrawn: stamp duty reliefs
I121
Relief under this schedule is not withdrawn where—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.