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SCHEDULES

SCHEDULE 8Chargeable gains: exemptions in case of substantial shareholding

Part 2Consequential amendments

Degrouping: time of accrual of chargeable gain or allowable loss

2In section 179(4) of the Taxation of Chargeable Gains Act 1992 (c. 12) (deemed sale and reacquisition on company ceasing to be member of group: time when chargeable gain or allowable loss treated as accruing), for “which, apart from this subsection, would accrue” substitute “accruing”.