# Companies Act 1985, Paragraph 34F

Extent: E+W+S+N.I.

(1) The fair value reserve must be adjusted to the extent that the amounts shown in it are no longer necessary for the purposes of paragraph 34E(3) or (4).
(2) The treatment for taxation purposes of amounts credited or debited to the fair value reserve must be disclosed in a note to the accounts.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/8/paragraph/34F (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-8/paragraph-34F
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.