Version Superseded: 01/04/2010
Point in time view as at 19/07/2006.
There are currently no known outstanding effects for the Finance Act 2004, Deductions: assets transferred within group.
4(1)Section 768C of the Taxes Act 1988 is amended as follows.U.K.
(2)In subsection (1) (case where section applies) in paragraph (a) for “an investment company” substitute “ a company with investment business ”.
(3)In subsection (7) (no deduction under section 75 from an amount of total profits equal to the amount of the relevant gain) in paragraph (a) for “sums disbursed” substitute “ expenses of management deductible ”.
(4)In subsection (12), for the definition of “investment company”substitute—
““company with investment business” has the same meaning as in Part 4.”.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
