# Companies Act 1985, Paragraph 13

Extent: E+W+S

Section 275 applies as if—
(a) for subsection (1) there were substituted—
“(1) For purposes of section 263, any provision (within the meaning of Part I of Schedule 9A), other than one in respect of any diminution of value of a fixed asset appearing on a revaluation of all the fixed assets of the company, or of all its fixed assets other than goodwill, is to be treated as a realised loss”; and
(b) “fixed assets” were defined to include any other asset which is not a current asset.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/11/paragraph/13 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-11/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.