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Regulation 8

Original text. Later amendments are not shown.

In respect of the new holding (“the holding”)—

(a)

the number of securities in the holding is given by the formula D − J;

(b)

the qualifying expenditure in relation to the holding is given by the formula E − K;

(c)

the indexed pool of expenditure in relation to the holding is given by the aggregate of—

(i)

the amount given by the formula

( B − K ) ⁢ ( C B + 0.05 ) ;
(ii)

the relevant allowable expenditure in relation to a disposal by the company immediately before 1st April 1985 of the whole of the securities to which Regulation 5(d)(ii) refers; and

(iii)

any indexation allowance applicable to such a disposal on the assumption that the amendment of the Finance Act 1982 made by paragraphs 1 and 2 of Schedule 19 had always had effect.