Search Legislation

Finance Act 2014

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 13

 Help about opening options

Alternative versions:

Changes to legislation:

Finance Act 2014, Paragraph 13 is up to date with all changes known to be in force on or before 08 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

This section has no associated Explanatory Notes

13(1)Section 72 (property leaving employee trusts and newspaper trusts) is amended as follows.U.K.

(2)In subsection (2), after “Subject to subsections” insert “ (3A), ”.

(3)After subsection (3) insert—

(3A)Where settled property ceases to be property to which this section applies because paragraph (d) of section 86(3) no longer applies, tax is not chargeable under this section by virtue of subsection (2)(a) if the only reason that paragraph no longer applies is that one or both of the trading requirement and the controlling interest requirement mentioned in that paragraph are no longer met with respect to the company so mentioned.

(4)The amendments made by this paragraph are treated as having come into force on 6 April 2014.

Back to top

Options/Help