Section 145

COMPUTATION OF UK EQUIVALENT PROFITS: CREDITOR RELATIONSHIPS

Related Commentary  

1(1)  [Repealed by SI 2009/3001, reg. 13(2) and Sch. 2.]

1(2)  [Amends FA 1996, Sch. 10, para. 3.]

1(3)  In relation to a fund established on or before the day on which this Act is passed, this paragraph only has effect if an election that it should have effect has been made by or on behalf of the fund.

1(4)  Any such election–

(a)must be made by notice to an officer of the Board, in such form and within such time as the Board may determine, and

(b)is irrevocable.

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