17Reinvestment of ring fence assets: acquisition by member of groupU.K.
(1)After section 198G of TCGA 1992 insert—
“198HAcquisition by member of same group
Section 198A or 198B is to apply where—
(a)the disposal is by a company which, at the time of the disposal, is a member of a group of companies (within the meaning given in section 170),
(b)the acquisition is by another company which, at the time of the acquisition, is a member of the same group, and
(c)the claim under that section is made by both companies,
as if both companies were the same person.”
(2)The amendment made by this section has effect in relation to disposals made on or after 22 April 2009 (whether the acquisition takes place before, on or after that date).