xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULE 11Reconstruction relief and acquisition relief

PART 2Reconstruction relief

Qualifying conditions

5If, immediately before the acquisition, the target company or the acquiring company holds any of its own shares, the shares are treated for the purposes of qualifying conditions (c) and (d) as having been cancelled before the acquisition (and, accordingly, the company is to be treated as if it were not a shareholder of itself).