Section 633C Treatment of securities on a merger

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Amendments

Section 633C inserted by Finance Act 2006 section 60(e)(ii).

(1) This section applies where―

(a)(i) an SE is formed by the merger of 2 or more companies in accordance with Articles 2(1) and 17(2)(a) or (b) of the SE Regulation, or

(ii) an SCE is formed by a merger in accordance with Article 2 of the SCE Regulation,

(b) each merging company is resident for the purposes of tax in a Member State,

(d) the merger does not constitute or form part of a scheme of reconstruction or amalgamation within the meaning of section 587.

(1) This section applies where:...

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(2) Where this section applies, the merger shall be treated for the purposes of section 587 as if it were a scheme of reconstruction.

(2) Where the conditions in (1) are met, the merger is treated as a scheme of reconstruction or amalgamation (section 587).