# Finance Act 1988, Paragraph 18

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

In the application of the above provisions of this Part to Scotland, references to acquiring an interest shall be construed, if there is a contract to acquire the interest, as references to entering into that contract and for the purposes of paragraph 16(2)(b) above, a company or subsidiary shall be regarded as owning an interest during the period between its entering into such a contract as regards that interest and its acquiring the interest.

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Source: https://www.legislation.gov.uk/ukpga/1988/39/schedule/4/paragraph/18 (the official version)
Page: https://openlegislation.uk/finance-act-1988/schedule-4/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.