SDLTM09300 - Availability of relief: Section 75C (2)

(This page was introduced on 15 January 2020 and updated on 14 May 2021)

In calculating the consideration for the notional transaction between V and P, P can take account of any relief that would be available had the notional transaction been an actual transaction.

The availability of a particular relief will be subject to the terms and restrictions of that relief.

Example

A notional land transaction between V and P, who are both companies and members of the same group, may benefit from group relief but whether relief is available will be subject to the usual restrictions and rules found in Schedule 7 FA03. For example, if at the effective date of the notional land transaction there are arrangements in place for a person to obtain control of P but not V, then group relief will not be available on the notional land transaction.

More information on group relief can be found at SDLTM23000 onwards.