This section has no associated Explanatory Notes
641U.K.In section 632(1) (transferee leaving group because of exempt distribution)—
(a)for the words from “as a result of” to “business),” substitute “ as a result of section 1075 of CTA 2010 (exempt distributions), ” and
(b)in paragraph (b) for “section 214(2) of that Act” substitute “ section 1088(1) of CTA 2010 ”.