SDLTM23240 - Reliefs: Group, reconstruction or
acquisition relief
Reconstruction and acquisition relief: Withdrawal: Exceptions
to withdrawal of relief FA03/SCH7/PARA10
Reconstruction or acquisition relief is not withdrawn where
control of the acquiring company changes as a result of
- a share transaction effected in accordance
with FA03/SCH3/PARA3. See
SDLTM00550
- a share transaction effected in accordance
with FA03/SCH3/PARA4. See
SDLTM00560
- an exempt intra-group transfer. This is a
transfer of shares effected by an instrument which is exempt from
stamp duty by virtue of FA30/S42 or Section 11 of the Finance Act
(Northern Ireland) 1954 and refers to transfers of shares between
associated companies. Relief may be withdrawn following a
subsequent non-exempt transfer. See
SDLTM23250
- a transfer of shares to another company in
relation to which share acquisition relief applies. Relief may be
withdrawn following a subsequent non-exempt transfer. See
SDLTM23260
- a loan creditor becoming, or ceasing to
be, treated as having control of the company and no other change in
control occurs
