4(1)  This regulation applies if there is a relevant transfer by a building society.

4(2)  The Corporation Tax Acts shall have effect in relation to the relevant transfer subject to paragraphs (3) to (18).

4(3)  For the purposes of the allowances and charges provided for by the Capital Allowances Act 2001 a trade which is transferred or amalgamated as a result of the relevant transfer shall not be treated as permanently discontinued nor shall a new trade be treated as set up and commenced, and–

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