Finance Act 2000 (c. 17)

SCHEDULES

SCHEDULE 22 U.K. Tonnage tax

Part XII U.K. Groups, mergers and related matters

Meaning of “merger" and “demerger" U.K.

121 (1) In this Schedule— U.K.

• “merger” means a transaction by which one or more companies become members of a group, and

• “demerger” means a transaction by which one or more companies cease to be members of a group.

(2) References to a merger to which a group is a party include any merger affecting a member of the group.