C1Part 7Community investment tax relief
Annotations:
Modifications etc. (not altering text)
Chapter 7Supplementary and general
Definitions
380Construction of references to being “held continuously”
1
This section applies if for the purposes of this Part it becomes necessary to determine whether the investor has held the investment (or any part of it) continuously throughout any period.
2
The investor is not treated as having held the investment (or any part of it) continuously throughout a period if the investor—
a
is treated, under any provision of TCGA 1992, as having disposed of and immediately re-acquired the investment (or part) at any time during the period, or
b
is treated as having disposed of the investment (or part) at any such time, by virtue of section 379(2).
Pt. 7 modified by 2005 c. 7, s. 54A (as inserted (10.7.2008) by The Alternative Finance Arrangements (Community Investment Tax Relief) Order 2008 (S.I. 2008/1821), arts. 1, 2)