SCHEDULE 10Group relief

PART 2The 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.