SCHEDULES

SCHEDULE 29Gains and losses of a company from intangible fixed assets

Part 8Groups of companies

F151A

For the purposes of this Schedule where the principal company of a group (Group 1)—

(a)

becomes an SE by reason of being the acquiring company in the formation of an SE by merger by acquisition (in accordance with Articles 2(1), 17(2)(a) and 29(1) of Council Regulation (EC) 2157/2001 on the Statute for a European Company (Societas Europaea)),

(b)

becomes a subsidiary of a holding SE (formed in accordance with Article 2(2) of that Regulation), or

(c)

is transformed into an SE (in accordance with Article 2(4) of that Regulation),

Group 1 and any group of which the SE is a member on formation shall be regarded as the same; and the question whether or not a company has ceased to be a member of a group shall be determined accordingly.