Section 790 | Provisions supplementing section 789

(1)In section 789 “arrangement” includes a series of arrangements.

(2)For the purposes of section 789(3) and (4) a member of a group of companies is treated as carrying on as one business the activities of that group.

(3)For the purposes of section 789(3)(c), (4)(b) and (5) the value of an interest is determined as at the date of its acquisition.

(4)For the purposes of section 789(6), any part of the consideration for the acquisition which is small by comparison with the total is ignored.