(1)The provisions of Schedule 6 to this Act shall have effect for the purposes of, and in connection with,—
(a)enabling a company to elect that, with respect to disposals after 31st March 1982, each of its holdings of certain securities of the same class which are held by it solely and beneficially and which have been so held for the length of time referred to in that Schedule shall be regarded for the purposes of the M1Capital Gains Tax Act 1979 as constituting a single asset; and
(b)computing the indexation allowance applicable on a disposal of such a single asset.
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1
Textual Amendments
F1S. 34(2) repealed by Finance Act 1985 (c. 54), s. 98(6), Sch. 27 Part VII with respect to disposals made on or after 6 April 1985, or 1 April 1985 for companies, 2 July 1986 for gilt-edged securities (Capital Gains Tax Act 1979 (c. 14, SIF 63:2), Sch. 2) and qualifying corporate bonds (Finance Act 1984 (c. 43), s. 64), or 28 February 1986 for other securities within the meaning of Finance Act 1985 (c. 54), Part II Ch. IV
Marginal Citations