Group relief: Withdrawal: Occasions when relief not withdrawn FA03/SCH7/PARA4 and 4ZA

Group relief is not withdrawn where the purchaser ceases to be a member of the samegroup as the vendor

(1)because the vendor leaves the group.

The vendor is regarded as leaving the group if the purchaser and vendor cease to be members of the same group due to a transaction relating to shares in

(i) the vendor or (ii) another company that is above the vendor in the group structure and that, as a result of the transaction, ceases to be a member of the same group as the purchaser.

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