Section 394A | “Qualifying change of ownership” ^F1

(1)For the purposes of the sales of lessors Chapters there is a qualifying change of ownership in relation to a company (“A”) on any day if there is a relevant change in the relationship on that day between A and a principal company of A unless any of the following apply—^F1F2

(a)section 395(2),^F1

(b)section 396(2), or^F1

(c)section 398A(2) or (5).^F1

(2)If the qualifying change of ownership would (but for this subsection) occur on any day as a result of—^F1F3

(a)section 393 or 394ZA, or^F1F3

(b)section 394 or 394ZA,^F1F3

it is treated instead for the purposes of the sales of lessors Chapters as occurring on that day solely as a result of section 394ZA.