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21(1)In paragraph 4 of Schedule 13 to the Finance Act 1965 (capital allowances) for the words
“Where a member of a group of companies disposes of an asset”
there shall be substituted the words
“Where a company which is or has been a member of a group of companies disposes of an asset”.
(2)In paragraph 5 of the said Schedule 13 (transitional provisions as to assets held on 6th April 1965) for the words
“in relation to a disposal of an asset by a member of a group of companies”
there shall be substituted the words
“in relation to a disposal of an asset by a company which is or has been a member of a group of companies”.
(3)References in the said paragraphs 4 and 5 to the acquisition of an asset by one member of a group from another shall, notwithstanding sub-paragraphs (1) and (2) above, continue to be read as references to acquisition at a time when both are members of the group.
(4)This paragraph applies as respects any disposal after 10th April 1968.
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