Case where relief not withdrawn: change of control of acquiring company as result of transaction connected to divorce etc.
This section has no associated Explanatory Notes
16Relief under Part 2 or Part 3 of this schedule is not withdrawn where control of the acquiring company changes as a result of a share transaction that—
(a)is effected as mentioned in paragraph 7(1) of schedule 1, and
(b)meets the conditions in paragraph 7(2) of that schedule (variation of testamentary dispositions etc.).