Section 77


1  [Amends ICTA 1988, s. 257A(6).]

2(1)  [Amends ICTA 1988, s. 257BA(1), (2).]

2(2)  [Amends ICTA 1988, s. 257BA(3).]

2(3)  Any election made for the purposes of section 257BA of the Taxes Act 1988 which–

(a)has been made before the coming into force of this paragraph, and

(b)apart from this paragraph, would have effect in accordance with that section for the year 1994–95 or any subsequent year,

shall so have effect as if it were an election for the purposes of that section as amended by this paragraph.


Para. 2(3) came into force on 6 April 1994 (s. 77(7)).

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