This section has no associated Explanatory Notes
14SThis paragraph applies where, at the time the control of the acquiring company changes (“the relevant time”), it or a relevant associated company holds a chargeable interest—
(a)that was acquired by the acquiring company 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 in relation to which relief under this schedule was available but was not claimed.
Commencement Information
I1 Sch. 11 para. 14 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2