Commentary on Sections Schedule 17 - Reconstruction and acquisition reliefs Part 4 - Withdrawal of reconstruction and acquisition relief
378.Part 4 of the Schedule provides for the withdrawal of reconstruction or acquisition relief where control of the acquiring company changes before the end of 3 years beginning with the effective date of the transaction (or there are arrangements under which control will change after 3 years, which are entered into within the 3 year period), and, broadly, at that time the relevant chargeable interest is still held by the acquiring company or a company it controls.