(1) In this section, 'chargeable gain' shall be construed in accordance with section 545.
(2) This section shall apply where a controlling company or a company connected with the controlling company (either of which is in this section referred to as a 'disposing company'), disposes of shares or securities in a controlled foreign company or in a company connected with the controlled foreign company (either of which is in this section referred to as the 'disposed company') and a controlled foreign company charge has been made on a disposing company by reference to its interest in the disposed company.
(3) This subsection applies where -
(a) the disposing company is the only chargeable company in relation to the disposed company,
(b) the disposing company is not a chargeable company in relation to the disposed company and the chargeable company does not have any interest in the disposed company, or
(c) the disposing company is a chargeable company in relation to the disposed company and,
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