[116A Holding beginning or ceasing to fall within section 490 of CTA 2009]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[116A  Holding beginning or ceasing to fall within section 490 of CTA 2009]

[(1)     Section 116 applies in accordance with the following assumptions if—

(a)     a holding that is a relevant holding for the purposes of section 490 of CTA 2009 (holdings in OEICs, unit trusts and offshore funds treated as creditor relationship rights) is held by a company both at the end of one accounting period and at the beginning of the next, and

(b)     that section applies to the holding for one of those periods but not for the other.

(2)     The assumptions

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