s 1 Introductory
(1) This Schedule sets out how sections 152 and 153 and other related enactments are modified for the purposes of section 179B (roll-over of degrouping charge on business assets). (2) In the enactments as so modified— “ company A ” and “ company B ” have the same meanings as in section 179; “ relevant asset ” means the asset mentioned in section 179B(1); “ deemed sale ” means the sale of the relevant asset that is treated as taking place by virtue of section 179(3) or (6); “ deemed sale consideration ” means the amount for which company A is treated as having sold the relevant asset; “ time of accrual ” means— in a case where section 179(3) applies, the time at which, by virtue of section 179(4), the gain or loss accruing on the deemed sale is treated as accruing to company A; in a case where section 179(6) applies, the latest time at which the company satisfies the conditions in section 179(7).