Related Commentary  Related HMRC Manuals

521F(1)  This section applies if at any time section 521B begins or ceases to apply in the case of a share held by the investing company.

521F(2)  The investing company is treated for the purposes of Part 5

(a)as having disposed of the share immediately before that time for consideration of an amount equal to the notional carrying value of the share at that time, and

(b)as having immediately reacquired it for consideration of the same amount.

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