Part 3 - Circumstances where arrangements not relieved
No relief where group, acquisition or reconstruction reliefs available
308.Relief is not available under paragraphs 2 or 3 when the first transaction could be relieved under group, reconstruction or acquisition relief (even where that relief is subsequently withdrawn). Relief is not available under paragraph 2 where the arrangements allow for a person to acquire control of the financial institution.
Land sold to financial institution but arrangements in place to transfer control of the institution
309.Relief is not available under paragraph 2 where the arrangements include arrangements for a person to acquire control of the relevant financial institution.