# The Finance Act 2003, Section 195 and Schedule 40 (Appointed Day) Order 2003, Note: Explanatory note


(This note is not part of the Order)
Section 195 of, and Schedule 40 to, the Finance Act 2003 (c. 14) make provision for the purposes of the Taxes Acts and the Inheritance Act 1984 (c. 51) where a company acquires any of its own shares.
This Order provides that these provisions have effect in relation to any acquisition of shares by a company on or after 1st December 2003.

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Source: https://www.legislation.gov.uk/uksi/2003/3077/note (the official version)
Page: https://openlegislation.uk/finance-act-2003-section-195-and-schedule-40-appointed-day-order-2003/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.