{
  "url": "https://openlegislation.uk/finance-act-1998/schedule-17/paragraph-32",
  "json_url": "https://openlegislation.uk/finance-act-1998/schedule-17/paragraph-32.json",
  "legislation": "ukpga/1998/36",
  "legislation_title": "Finance Act 1998",
  "legislation_url": "https://openlegislation.uk/finance-act-1998",
  "path": "schedule/17/paragraph/32",
  "kind": "paragraph",
  "number": "32",
  "heading": null,
  "text": "(1) Paragraph 12 of Schedule 25 to the Taxes Act 1988 (meaning of “holding company\" in paragraphs 6 and 8(3)) shall be amended as follows.\n(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) In sub-paragraph (5) (exclusion of income derived from certain sources) in paragraph (a)—\n(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(b) after “engaged in exempt activities\" there shall be inserted “ or, in terms of sub-paragraph (5A) of that paragraph, is an exempt trading company ”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 17 para. 32(2) omitted (with effect in accordance with Sch. 16 para. 12 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 16 para. 11(a) (with Sch. 16 paras. 13-20)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 17 para. 32(3)(a) omitted (with effect in accordance with Sch. 16 para. 12 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 16 para. 11(a) (with Sch. 16 paras. 13-20)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32",
    "retrieved_at": "2026-10-29T09:22:30.566925+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}