# Finance Act 1994, Paragraph 16


Where any of the liabilities of a successor company are extinguished by virtue of section 106(1) of the Railways Act 1993, section 400 of the Taxes Act 1988 (reduction of allowable losses on write-off of government investment) shall not have effect in relation to any amount of government investment in a body corporate which, apart from this paragraph, would thereby fall to be regarded as written-off for the purposes of that section.

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Source: https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-1994/schedule-24/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.