323 Meaning of “merger” and “successor company”
Income Tax Act 2007 (2007 c 3) | Legislation

323  Meaning of “merger” and “successor company”

(1)     For the purposes of this Chapter there is a merger of two or more companies (“the merging companies”) if—

(a)     shares in one of the merging companies (“company A”) are issued to members of the other merging company or companies, and

(b)     the shares issued to members of the other merging company or, in the case

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