This section applies where—
In this section a "new holding" means—
Subsections (4) and (5) apply for the purposes of determining (for any purpose of this Chapter) the status of shares that immediately before the disposal mentioned in subsection (1)(d) are in the new holding mentioned there ("the new holding concerned").
Where a number of the original shares were—
the following assumption is to be made.
That assumption is that an appropriate number of the new shares were—
In subsections (4) and (5)—
"the appropriate number" has the meaning given by section 169VO;
"the original shares" means the shares held by the qualifying person immediately before the reorganisation that were original shares in relation to the reorganisation;
"the new shares" means the shares that immediately after the reorganisation were in the new holding concerned (including such, if any, of the original shares as remained after the reorganisation and were in that holding).
In this section a reference to the "status" of a share is to whether it is qualifying, potentially qualifying or excluded.
Section 169VE applies to determine, for the purposes of this Chapter, which shares are included in a holding immediately before a reorganisation as it applies for the purposes of determining which shares are included in a holding immediately before a particular disposal.
References in this section to consideration are to be read in accordance with section 128(2).