# Finance Act 2000, Paragraph 73


(1) This Part applies where—
(a) a chargeable gain (“the original gain”) accrues to the investing company at any time (“the accrual time”),
(b) the gain is one accruing either—
(i) on a disposal of shares to which investment relief was attributable immediately before the disposal, or
(ii) by virtue of paragraph 79 on the occurrence of a chargeable event in relation to shares to which deferral relief is attributable immediately before the event,
and
(c) the investing company makes a qualifying investment.
(2) In determining for the purposes of sub-paragraph (1)(a) whether or not a chargeable gain accrues at any time paragraph 76 (postponement of original gain) shall be disregarded.
(3) Sub-paragraph (1)(b)(i) does not apply to a disposal of shares unless the shares were held by the investing company continuously from the time they were issued until the disposal.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/73 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-15/paragraph-73
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.