Cases in which reconstruction or acquisition relief not withdrawn
379.Exceptions from the withdrawal of reconstruction or acquisition relief are provided for at paragraph 6. These include where control changes:
due to a share transaction in connection with divorce, dissolution of a civil partnership or for similar reasons;
due to a share transaction in connection with transactions which vary dispositions following death;
due to an exempt intra-group transfer of shares (as defined in paragraph 6(5)), but note this is subject to paragraph 7;
due to a transfer to another company to which share acquisition relief applies (as defined in paragraph 6(8)) but note this is subject to paragraph 7; and
where control changes due to a loan creditor becoming or ceasing to be treated as having control and other persons who were previously treated as controlling the company continue to be treated as such.
