This section has no associated Explanatory Memorandum
23. After paragraph 58(5) of Schedule 29 insert—U.K.
“(6) Where a relevant asset is transferred as part of the process of a transfer to which paragraph 85 or 87 applies, and in consequence of the transfer the transferee ceases to be a member of a group (“Group 1”)—
(a)the transferee shall not be treated for the purposes of this paragraph as having left Group 1, and
(b)if in consequence of the transfer the transferee becomes a member of another group (“Group 2”) it shall be treated, for the purposes of this section, as if Group 1 and Group 2 were the same.”.