SCHEDULE 11Reconstruction relief and acquisition relief

PART 3Acquisition relief

Interpretation

I19

For the purposes of qualifying condition (c)—

a

companies are associated if one has control of the other or both are controlled by the same person or F1persons,

b

“control” is to be construed in accordance with section 1124 of the Corporation Tax Act 2010 (c.4).

I210

In this Part of this schedule, “trade” includes any venture in the nature of trade.