Part VI U.K. Companies, oil, insurance etc.

Chapter II U.K. Oil and mining industries

Oil exploration and exploitation U.K.

[F1 198HAcquisition by member of same group U.K.

Section 198A or 198B is to apply where—

(a) the disposal is by a company which, at the time of the disposal, is a member of a group of companies (within the meaning given in section 170),

(b) the acquisition is by another company which, at the time of the acquisition, is a member of the same group, and

(c) the claim under that section is made by both companies,

as if both companies were the same person.]

Textual Amendments

F1 S. 198H inserted (with effect in accordance with s. 17(2) of the amending Act) by Finance (No. 3) Act 2010 (c. 33), s. 17(1)