This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
28. In section 275 (treatment of assets in the relevant accounts), for subsection (1) substitute–
“(1) For purposes of sections 263 and 264, the following are treated as realised losses–
(a)in the case of Companies Act individual accounts, provisions of any kind mentioned in paragraphs 88 and 89 of Schedule 4 (other than revaluation provisions), and
(b)in the case of IAS individual accounts, provisions of any kind (other than revaluation provisions).
(1A) In subsection (1), a revaluation provision means a provision in respect of a diminution in value of a fixed asset appearing on a revaluation of all the fixed assets of the company, or of all of its fixed assets other than goodwill”.
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.
