Finance Act 2018

Public infrastructure

8(1)Section 434 (elections under section 433) is amended as follows.

(2)In subsection (1)(a), for “the beginning” substitute “the end”.

(3)In subsection (5), after paragraph (a) (but before the “and” at the end of it) insert—

(ab)the time of the transfer falls in a period of account of a worldwide group of which both the transferor and transferee are members,.