Related Commentary  Related HMRC Manuals

18N  [Prospectively inserted by FA 2021, s. 7 and Sch. 1, para. 3.]

Prospective amendments

S. 18N inserted by FA 2021, s. 7 and Sch. 1, para. 3, with effect for the financial year 2023 and subsequent financial years (subject to Sch. 1, para. 34(2) and (3)). New s. 18N reads as follows:

“Close investment-holding companies

18N(1)  For the purposes of this Part, a close company (“the candidate company”) is a close investment-holding company in an accounting period unless throughout the period it exists wholly or mainly for one or more of the permitted purposes set out in subsection (2).

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