- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
(1)This section applies if there is a change of basis from—
(a)not recognising a profit or loss on an asset until the asset is realised, to
(b)bringing assets into account in each period of account at a fair value.
(2)So far as—
(a)a receipt within item 1 of Step 1 in section 182 represents the fair value of an asset that is trading stock, or
(b)an expense within item 2 of that step relates to such an asset,
the receipt of the trade or (as the case may be) the expense of the trade is treated as not arising until the period of account in which the value of the asset is realised.
(3)In the case of a receipt of the trade, this is subject to any election under section 186 (election for spreading).
(4)In this section “trading stock” has the same meaning as in section 163.
(1)If section 185 applies, the company carrying on the trade may elect for any receipt treated as arising under this Chapter to be spread over 6 periods of account.
(2)The election must be made within 12 months of the end of the first accounting period to which the new basis applies.
(3)If an election is made, an amount equal to one-sixth of the amount of the receipt—
(a)is treated as arising, and
(b)is brought into account in calculating the profits of the trade,
in each of the 6 periods of account beginning with the first period to which the new basis applies.
(4)But if, before the whole of the receipt has been so brought into account, the company permanently ceases to carry on the trade, the whole of the amount so far as not previously brought into account—
(a)is treated as arising, and
(b)is brought into account in calculating the profits of the trade,
immediately before the cessation.
(1)This section applies if—
(a)an asset to which section 185 or 186 applies is transferred from one insurance company to another,
(b)the transfer is made under an insurance business transfer scheme, and
(c)immediately after the transfer, the transferee is UK resident or the asset is held for the purposes of a business carried on by the transferee in the United Kingdom through a permanent establishment.
(2)For the purposes of section 185, the asset is not to be treated as realised by the transferor merely because of its transfer under the scheme.
(3)If the transfer is of the transferor’s whole business, the transferee is responsible under section 185 or 186 for bringing into account any amount required to be brought into account after the transfer.
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Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Testun a grëwyd gan yr adran o’r llywodraeth oedd yn gyfrifol am destun y Ddeddf i esbonio beth mae’r Ddeddf yn ceisio ei wneud ac i wneud y Ddeddf yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol. Cyflwynwyd Nodiadau Esboniadol ym 1999 ac maent yn cyd-fynd â phob Deddf Gyhoeddus ac eithrio Deddfau Adfeddiannu, Cronfa Gyfunol, Cyllid a Chyfnerthiad.
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
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