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HMRC internal manual

Tonnage Tax Manual

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HM Revenue & Customs
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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