SCHEDULE 10Group relief

PART 3Withdrawal of relief

Case where relief not withdrawn: seller leaves group

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The seller is regarded as leaving the group if the companies cease to be members of the same group by reason of a transaction relating to shares in—

(a)

the seller, or

(b)

another company that is above the seller in the group structure and as a result of the transaction ceases to be a member of the same group as the buyer.