Version Superseded: 01/04/2009
Point in time view as at 22/07/2004.
There are currently no known outstanding effects for the Finance Act 2004, Paragraph 41.
41(1)Paragraph 4 (company holdings in unit trusts and offshore funds) is amended as follows.U.K.
(2)For sub-paragraph (3) substitute—
“(3)The debits and credits to be brought into account for the purposes of this Chapter as respects the company’s relevant holdings must be determined on the basis of fair value accounting.”.
(3)In sub-paragraph (4) for the words from the beginning to “for the purposes of this Chapter,” substitute “ Sub-paragraph (3) shall not be taken, as respects any accounting period, ”.
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