SCHEDULES
SCHEDULE 11 Extension of roll-over relief on re-investment
Acquisitions on which relief available
7
For section 164A(8) there is substituted—
8
For the purposes of this section, a person who acquires any eligible shares in a qualifying company shall be regarded as acquiring a qualifying investment unless, where the asset disposed of consisted of shares in or other securities of any company (“the initial holding”), the qualifying company—
a
is the company in which the initial holding subsisted, or
b
is a company that was, at the time of the disposal of the initial holding, or is, at the time of the acquisition of the qualifying investment, a member of the same group of companies as the company in which the initial holding subsisted.