38(1)Paragraph 6 of Schedule 29 to FA 2002 (gains and losses of a company from intangible fixed assets: reference to consolidated group accounts) is amended as follows.
(2)Omit sub-paragraph (2).
(3)After that sub-paragraph insert—
“(2A)This paragraph does not apply if the consolidated group accounts—
(a)are drawn up using a different accounting framework from that used for the company’s individual accounts, and
(b)as a result, are prepared on a basis that, in relation to the matters mentioned in sub-paragraph (1), substantially diverges from the basis used in the company’s individual accounts.”.