Company reconstructions: scheme of reconstruction, issue of shares, etc. on or after 17 April 2002
A scheme of reconstruction is defined in Schedule 5AA TCGA 1992 as a scheme of merger, division or other restructuring meeting the relevant conditions of that Schedule.
A scheme of merger, division or other restructuring can involve the whole or part of the business or businesses of one or more companies being transferred to one or more companies. See CG52720.
The scheme of reconstruction must meet both the 1st, 2nd and either the 3rd or 4th of the conditions below: