SCHEDULE 10Group relief

PART 3Withdrawal of relief

Withdrawal of relief in certain cases involving successive transactions

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The second condition is that the change occurs—

(a)

before the end of the period of 3 years beginning with the effective date of the transaction which is exempt from charge by virtue of this schedule (“the relevant transaction”), or

(b)

in pursuance of, or in connection with, arrangements made before the end of that period.