Section 394A — Corporation Tax Act 2010: “Qualifying change of ownership”

“Qualifying change of ownership” 394A 1 For the purposes of the sales of lessors Chapters there is a qualifying change of ownership in relation to a company (“A”) on any day if there is a relevant change in the relationship on that day between A and a principal company of A unless any of the following apply—

a section 395(2),

b section 396(2), or c section 398A(2) or (5).

2 If the qualifying change of ownership would (but for this subsection) occur on any day as a result of—

a section 393 or 394ZA, or b section 394 or 394ZA, it is treated instead for the purposes of the sales of lessors Chapters as occurring on that day solely as a result of section 394ZA.