Withdrawal of reliefS
13SRelief under this schedule is withdrawn or partially withdrawn where paragraphs 14 and 15 apply.
Commencement Information
I1 Sch. 10 para. 13 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2
14SThis paragraph applies where the buyer in the transaction which is exempt from charge by virtue of this schedule (“the relevant transaction”) ceases to be a member of the same group as the seller—
(a)before the end of the period of 3 years beginning with the effective date of the transaction, or
(b)in pursuance of, or in connection with, arrangements made before the end of that period.
Commencement Information
I2 Sch. 10 para. 14 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2
15SThis paragraph applies where, at the time the buyer ceases to be a member of the same group as the seller (“the relevant time”), it or a relevant associated company holds a chargeable interest—
(a)that was acquired by the buyer under the relevant transaction, or
(b)that is derived from a chargeable interest so acquired,
and that has not subsequently been acquired at market value under a chargeable transaction for which relief under this schedule was available but not claimed.
Commencement Information
I3 Sch. 10 para. 15 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2