# Finance Act 1998, Section 137: Pre-entry gains.

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

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) In subsection (3) of section 213 of that Act (carry back of losses in respect of deemed annual disposal by insurance companies)—
(a) at the beginning there shall be inserted “Subject to subsection (3A) below,"; and
(b) for the “and" at the end of paragraph (c) there shall be substituted—
“(ca) none of the intervening accounting periods is an accounting period in which the company joined a group of companies, and”.
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) Subsection (3) above has effect in relation to any intervening period ending on or after 17th March 1998.
(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/1998/36/section/137 (the official version)
Page: https://openlegislation.uk/finance-act-1998/section-137
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.