SCHEDULE 17RECONSTRUCTION AND ACQUISITION RELIEFS

PART 4WITHDRAWAL OF RECONSTRUCTION OR ACQUISITION RELIEF

Interpretation

I14

In this Part and in Part 5 of this Schedule, a transaction—

a

that is relieved from tax by virtue of reconstruction relief, or

b

on which tax is chargeable in accordance with paragraph 3 (acquisition relief),

is referred to as a “"relieved transaction””.