# Finance Act 1998, Section 139: De-grouping charges.


(1) In section 179(2B) of the Taxation of Chargeable Gains Act 1992 (cases where there is a connection between groups successively left by a company)—
(a) in paragraph (b), for the words from “company which" to “its" there shall be substituted “ person or persons who control the company mentioned in paragraph (a) above or who have had it under their ”;
(b) in paragraph (c), for the words from “company which has" to “its" there shall be substituted “ person or persons who have, at any time in that period, had under their ”; and
(c) in that paragraph, for “fallen", wherever it occurs, there shall be substituted “ been a person falling ”.
(2) Subsection (1) above has effect in relation to a company in any case in which the time of the company’s ceasing to be a member of the second group is on or after 17th March 1998.

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Source: https://www.legislation.gov.uk/ukpga/1998/36/section/139 (the official version)
Page: https://openlegislation.uk/finance-act-1998/section-139
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.