SCHEDULE 10Group relief

PART 3Withdrawal of relief

Amount of tax chargeable where relief withdrawn

I116

Where relief is withdrawn, the amount of tax chargeable is determined in accordance with paragraph 17.

I217

The amount chargeable is the tax that would have been chargeable in respect of the relevant transaction but for the relief if the chargeable consideration for that transaction had been an amount equal to—

a

the market value of the subject-matter of the transaction, or

b

if the acquisition was the grant of a lease, the rent.