# Finance Act 1993, Paragraph 2

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

(1) In a case where—
(a) there is for the purposes of the 1992 Act a disposal of currency other than sterling by a qualifying company, and
(b) immediately before the disposal the company did not hold the currency in exempt circumstances (within the meaning given by paragraph 3 below),
for the purposes of that Act no chargeable gain or allowable loss shall accrue on the disposal.
(2) This paragraph applies to disposals on or after the company’s commencement day.

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Source: https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-1993/schedule-17/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.