# Electricity Act 1989, Paragraph 3

Extent: E+W+S

(1) Where—
(a) a held over gain would, but for the provisions of section 154 of the 1992 Act, have beencarried forward to a depreciating asset; and
(b) that asset is transferred by this Act to a successor company,
that section shall have effect as if the gain had accrued to, and the claim for it to be held oveer had been made by, that company.
(2) In this paragraph the expressions which are used in the said section 154 have the same meanings as in that section.

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Source: https://www.legislation.gov.uk/ukpga/1989/29/schedule/11/paragraph/3 (the official version)
Page: https://openlegislation.uk/electricity-act-1989/schedule-11/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.