Part 2 Reconstruction Relief

Part 2 Reconstruction Relief

Reconstruction relief

2

(1)     Where—

(a)     a company (“the acquiring company”) acquires the whole or part of the undertaking of another company (“the target company”) in pursuance of a scheme for the reconstruction of the target company, and

(b)     the first and second conditions specified below are met,

a land transaction entered into for the purposes of or in connection with the transfer of the undertaking or

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