Finance Act 2008, Paragraph 85 is up to date with all changes known to be in force on or before 02 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
85(1)Section 104 (share pooling: general interpretative provisions) is amended as follows.U.K.
(2)For subsections (2) and (2A) substitute—
“(2)For the purposes of corporation tax, subsection (1) does not apply to any securities acquired by a company before 1 April 1982.
(2A)See also sections 105 to 105B and—
(a)section 106A in the case of capital gains tax, or
(b)sections 107 to 114 in the case of corporation tax.”
(3)In subsection (3), omit “, 110A”.
(4)After that subsection insert—
“(3A)For the purposes of capital gains tax section 35(2) applies in relation to a section 104 holding as if the reference to an asset were to any of the securities constituting or forming part of the section 104 holding which were held by the person making the disposal on 31 March 1982.”
(5)In subsection (5), omit “, 110A”.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
