Textual Amendments
F1Sch. 7AB inserted (with application in accordance with s. 43(4) of the amending Act) by Finance Act 2002 (c. 23), s. 43(2), Sch. 7
Modifications etc. (not altering text)
C1Sch. 7AB: power to modify conferred by Finance Act 1993 (c. 34), s. 86(2) (as amended (with application in accordance with s. 43(4) of the amending Act) by Finance Act 2002 (c. 23), s. 43(3))
8(1)In subsection (3) of section 185 (no roll-over relief in certain cases where company acquires new assets after becoming non-resident)—U.K.
(a)omit “the company”;
(b)for paragraph (a) substitute—
“(a)the time of accrual falls before the relevant time; and”;
(c)insert “the company” at the beginning of paragraph (b).
(2)In subsection (5) of that section (definitions), in paragraph (c) for ““the old assets” and “the new assets” have the same meanings” substitute ““the new assets” has the same meaning”.]