Yn ddilys o 24/04/2002
Relief not withdrawn if transferor company leaves groupU.K.
2(1)Section 111 does not apply if the transferee company ceases to be a member of the same group as the transferor company by reason of the latter company leaving the group.
(2)The transferor company is regarded as leaving the group if the companies cease to be members of the same group by reason of a transaction relating to shares in—
(a)the transferor company, or
(b)another company that as a result of the transaction ceases to be a member of the same group as the transferee company.