SCHEDULE 16GROUP RELIEF
PART 2THE RELIEF
Group relief
I12
1
A land transaction is relieved from tax if the seller and the buyer are companies that are members of the same group at the effective date of the transaction.
2
Relief under this paragraph is referred to in this Schedule as “"group relief””.
3
This paragraph is subject to paragraph 4 (restrictions on availability of group relief) and paragraphs 8 and 12 (withdrawal of group relief).