Related Commentary  Related HMRC Manuals

630(1)  Sections 631 and 632 apply if–

(a)section 625 (group member replacing another as party to derivative contract) applies because of a transaction or series of transactions within section 626(2) or (3), and

(b)before the end of the relevant 6 year period and while still a party to the relevant derivative contract, the transferee ceases to be a member of the relevant group.

630(2)  But the transferee is not to be treated for the purposes of this section and sections 631 and 632 as having left the relevant group if–

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