Commentary on Sections Schedule 17 - Reconstruction and acquisition reliefs Withdrawal of reconstruction or acquisition relief on subsequent non-exempt transfer
380.Paragraph 7 provides anti-avoidance rules for the withdrawal of reconstruction or acquisition relief on subsequent non-exempt transfer. These apply to the exceptions from withdrawal of relief under paragraph 6(5) and (8). They turn off these exceptions, so that relief is withdrawn. They apply where there is a specified change in control and, broadly, at that time the relevant chargeable interest is still held by the acquiring company or a company it controls.