# The Capital Gains Tax (Parallel Pooling) Regulations 1986, Regulation 3


These Regulations shall have effect in relation to a disposal on or after 1st April 1985 of qualifying securities, within the meaning of Schedule 6,—
(a) in respect of which an election under that Schedule had been made by a company and not revoked on or before 31st March 1987 or such further time as may be allowed by the Board under paragraph 20(1) of Schedule 19; and
(b) which, immediately before 1st April 1985, were regarded as indisting-uishable parts of a single asset by virtue of paragraph 3 of Schedule 6;
and are designed to enable section 68 of, and Parts I to V of Schedule 19 to, the Finance Act 1985 to have full effect in relation to the qualifying securities concerned.

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Source: https://www.legislation.gov.uk/uksi/1986/387/regulation/3 (the official version)
Page: https://openlegislation.uk/capital-gains-tax-parallel-pooling-regulations-1986/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.