28(1)In section 181 of the Taxation of Chargeable Gains Act 1992 (exemption from de-grouping charge in the case of certain mergers)—U.K.
(a)in subsection (1), for “neither section 178 nor section 179 shall" substitute “ section 179 shall not ”; and
(b)subsection (5) shall cease to have effect.
(2)The amendment made by sub-paragraph (1)(b) above, and the main amendments so far as they apply for the purposes of section 181, have effect in relation to cases in which the company ceases to be a member of a group on or after 1st April 2000.