SCHEDULE 10

Group relief
PART 2

The relief

Arrangements that do not restrict availability of relief
9
This paragraph applies to arrangements entered into with a view to an acquisition of shares by a company (“the acquiring company”)—
a
in relation to which section 75 of the Finance Act 1986 (c.41) (stamp duty: acquisition relief) will apply,
b
in relation to which the conditions for relief under that section will be met, and
c
as a result of which the buyer will be a member of the same group as the acquiring company.
10
This paragraph applies to arrangements in so far as they are for the purpose of facilitating a transfer of the whole or part of the business of a company to another company in relation to which—
a
section 96 of the Finance Act 1997 (c.16) (stamp duty relief: demutualisation of insurance companies) is intended to apply, and
b
the conditions for relief under that section are intended to be met.