SCHEDULE 10SGroup relief

PART 3SWithdrawal of relief

Amount of tax chargeable where relief withdrawnS

16SWhere relief is withdrawn, the amount of tax chargeable is determined in accordance with paragraph 17.

17SThe amount chargeable is the tax that would have been chargeable in respect of the relevant transaction but for the relief if the chargeable consideration for that transaction had been an amount equal to—

(a)the market value of the subject-matter of the transaction, or

(b)if the acquisition was the grant of a lease, the rent.

Commencement Information

I2 Sch. 10 para. 17 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2