Demerger: groupU.K.
128(1)This paragraph applies where a tonnage tax group splits into two or more groups.U.K.
(2)In that case each new group that contains a qualifying company that was a tonnage tax company before the demerger is a tonnage tax group as if a group election had been made.
(3)That deemed election continues in force, subject to the provisions of this Schedule, until the group election would have expired.