SCHEDULE 11Reconstruction relief and acquisition relief

PART 4Withdrawal of relief

Overview

I111

This Part of this schedule is arranged as follows—

  • paragraphs 12 to 14 provide for circumstances in which relief under Part 2 or Part 3 of this schedule is withdrawn or partially withdrawn,

  • paragraphs 15 to 21 provide for circumstances in which, despite paragraphs 12 to 14, relief is not withdrawn,

  • paragraphs 22 to 28 provide for the withdrawal of relief, which would otherwise not be withdrawn by virtue of paragraph 17 or 19, on the occurrence of certain subsequent events,

  • paragraphs 29 to 32 provide for how the tax chargeable is determined where relief is withdrawn or partially withdrawn.