SCHEDULE 11Reconstruction relief and acquisition relief
PART 4Withdrawal of relief
Withdrawal of relief on subsequent non-exempt transfer
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This paragraph applies where the acquiring company or a relevant associated company, at that time (“the relevant time”), holds a chargeable interest—
a
that was transferred to the acquiring company by the relevant transaction, or
b
that is derived from an interest so transferred,
and that has not subsequently been transferred at market value under a chargeable transaction in relation to which relief under Part 2 or Part 3 of this schedule was available but was not claimed.