79(1)In relation to any time before 6 July 2009, section 604 has effect with the following modifications.U.K.
(2)In subsection (2) for class 3 substitute—
| “Class 3 | Letting of property if conditions A and B are met. Condition A is that the property is let— (a) by one member of a group to another, or (b) by a member of a group to a company the shares in which are stapled to the shares of a member of the group (see subsection (3)).” |
(3)For subsection (3) substitute—
“(3)For the purposes of paragraph (b) of condition A in class 3, shares of one company (company A) are stapled to shares of another (company B) if, in consequence of the nature of the rights attaching to the shares of company A (including any terms or conditions attaching to the right to transfer the shares) it is necessary or advantageous for a person who has, disposes of or acquires shares of company A also to have, dispose of or acquire a holding of shares of company B.
(3A)For the purposes of condition B in class 3, ignore the fact that a property may fall to be described as owner-occupied merely because of the provision by the company of services to an occupant who—
(a)is in exclusive occupation of the property, and
(b)is not connected with a member of the group.”