A company could, potentially still can make an election to have quoted shares and securities brought into a 1982 holding at their market value on 6 April 1965. There is no particular advantage in making such an election if the company has made an election under TCGA92/S35(5) out of the kink-test. The election can be made under two provisions of the TCGA1992, TCGA92/SCH2/PARA4 and TCGA92/S109 (4).

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