Section 770 — Corporation Tax Act 2009: Continuity where group includes an SE

Continuity where group includes an SE 770 1 This section applies if the principal company of a group (“Group 1”)—

a becomes an SE as a result of being the acquiring company in the formation of an SE by merger by acquisition (in accordance with Articles 2(1), 17(2)(a) and 29(1) of Council Regulation (EC) No 2157/2001 on the Statute for a European company),

b becomes a subsidiary of a holding SE (formed in accordance with Article 2(2) of that Regulation), or c is transformed into an SE (in accordance with Article 2(4) of that Regulation).

2 For the purposes of this Part—

a Group 1 and any group of which the SE is a member on formation is treated as the same, and b the question whether a company has ceased to be a member of a group must be determined accordingly.