SCHEDULE 10Group relief

F1PART 3ARecovery of relief

42C

For the purposes of paragraph 42B(b)—

(a)

a “ relevant time ” means any time between the effective date of the transaction which was exempt from charge by virtue of this schedule and the buyer ceasing to be a member of the same group as the seller, and

(b)

a company (“company A”) is “above” another company (“company B”) in a group structure if company B, or another company that is above company B in the group structure, is a 75% subsidiary of company A.