# Finance Act 1994, Paragraph 11


In section 164N, after subsection (1) there is inserted—
“(1A) Every asset of a company is for the purposes of this Chapter a chargeable asset of that company at any time, except one on the disposal of which by the company at that time no gain accruing to the company would be a chargeable gain”.

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Source: https://www.legislation.gov.uk/ukpga/1994/9/schedule/11/paragraph/11 (the official version)
Page: https://openlegislation.uk/finance-act-1994/schedule-11/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.