Version Superseded: 31/01/2013
Point in time view as at 24/07/2002.
There are currently no known outstanding effects for the Finance Act 1998, Cross Heading: Section 245B of the Taxes Act 1988.
17(1)Section 245B of the Taxes Act 1988 (restriction on set-off where asset transferred after change in ownership of company) shall cease to have effect.U.K.
(2)Sub-paragraph (1) above has effect in relation to disposals on or after 6th April 1999.
(3)In relation to an accounting period beginning before, and ending on or after, 6th April 1999, the reference in section 245B(4)(a) of the Taxes Act 1988 to the end of the relevant period shall be taken to be a reference to the end of a period which ends on 5th April 1999.
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