Related Commentary  Related HMRC Manuals

396(1)  This section applies if–

(a)a company (“A”) is owned by a consortium, and

(b)a relevant change in the relationship between A and a principal company of A occurs on any day,

but the principal company's interest in A remains unchanged.

396(2)  For the purposes of the sales of lessors Chapters, there is no qualifying change of ownership in relation to A on that day as a result of that change in that relationship.

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