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Changes over time for: Cross Heading: Cases where rule does not apply until end of transitional period
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 01/04/2009
Status:
Point in time view as at 24/07/2002.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 1988, Cross Heading: Cases where rule does not apply until end of transitional period.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Cases where rule does not apply until end of transitional periodU.K.
3(1)Subject to sub-paragraph (2) below, in relation to a company which—U.K.
(a)carried on business at any time before the commencement date;
(b)was not resident in the United Kingdom immediately before that date; and
(c)is not a company falling within paragraph 1(1) above,
section 66(1) of this Act shall not apply until after the end of the transitional period.
(2)If at any time on or after the commencement date a company falling within sub-paragraph (1) above becomes resident in the United Kingdom, section 66(1) of this Act shall apply in relation to the company after that time.
4(1)Subject to sub-paragraph (2) below, in relation to a company which—U.K.
(a)carried on business at any time before the commencement date;
(b)ceases to be resident in the United Kingdom at any time on or after that date in pursuance of a Treasury consent; and
(c)is not a company falling within paragraph 2(1) above,
section 66(1) of this Act shall not apply until after the end of the transitional period.
(2)If at any time after it ceases to be resident in the United Kingdom a company falling within sub-paragraph (1) above becomes resident in the United Kingdom, section 66(1) of this Act shall apply in relation to the company after that time.
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