406Adjustment to the basic amount: consortium relationshipsU.K.
(1)This section applies if the qualifying change of ownership occurs as a result of section 394 (consortium relationships).
(2)In a case where that change arises only because the ownership proportion at the end of the day on which the change occurs is less than the ownership proportion at the start of the day, the amount of the income is limited to the appropriate proportion of the basic amount.
(3)The appropriate proportion is found by subtracting the ownership proportion at the end of the day from the ownership proportion at the start of the day.
(4)In any other case, the amount of the income is limited to the ownership proportion at the start of the day on which the change occurs of the basic amount.
(5) In this section “ the ownership proportion ” has the same meaning as in section 394 (see section 394(3) and (4)).