SCHEDULES
SCHEDULE 34Stamp duty: withdrawal of group relief: supplementary provisions
2Relief not withdrawn if transferor company leaves group
1
Section 111 does not apply if the transferee company ceases to be a member of the same group as the transferor company by reason of the latter company leaving the group.
2
The transferor company is regarded as leaving the group if the companies cease to be members of the same group by reason of a transaction relating to shares in—
a
the transferor company, or
b
another company that as a result of the transaction ceases to be a member of the same group as the transferee company.