INTRODUCTION

73(1)  This Part applies where–

(a)a chargeable gain (“the original gain”) accrues to the investing company at any time (“the accrual time”),

(b)the gain is one accruing either–

(i)on a disposal of shares to which investment relief was attributable immediately before the disposal, or

(ii)by virtue of paragraph 79 on the occurrence of a chargeable event in relation to shares to which deferral relief is attributable immediately before the event,

and

(c)the investing company makes a qualifying investment.

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