TTM17681 - Schedule 22 Finance Act 2000: Part XII groups - Para 121 meaning of ‘merger’ and ‘demerger’
FA00/SCH22/PARA121
(1) In this Schedule-
“merger” means a transaction by which one or more companies become members of a group, and
“demerger” means a transaction by which one or more companies cease to be members of a group.
(2) References to a merger to which a group is a party include any merger affecting a member of the group.
References
Meaning of ‘merger’ | TTM12300 |
Meaning of ‘demerger’ | TTM12400 |