Commentary on Sections Overview Overview Section 1036: Transfer of qualifying business by group transfers
2688.This section gives relief to the successor company if the business carried on by the employing company is transferred before a chargeable event or the death of the employee. It is based on paragraph 23 of Schedule 23 to FA 2003.
2689.The section performs the same function for convertible shares that section 1029 performs for restricted shares.