# Finance Act 2008, Paragraph 98


(1) Section 147 (limits on share loss relief) is amended as follows.
(2) In subsection (1)(b)—
(a) in sub-paragraph (i), omit “or a 1982 holding” and “or” at the end, and
(b) for sub-paragraph (ii) substitute—
“(ii) at a time earlier than the time of the disposal but after 5 April 2008 formed part of a section 104 holding, or
(iii) at a time earlier than that time and than 6 April 2008 formed part of an old section 104 holding or a 1982 holding, and”.
(3) In subsection (7)—
(a) in the definition of “section 104 holding”, after “1992” insert “ and “old section 104 holding” is a holding that was a section 104 holding within the meaning of that provision as it applied in relation to disposals before 6 April 2008 ”, and
(b) in the definition of “1982 holding”, insert at the end “ as it applied in relation to disposals before 6 April 2008 ”.

---
Source: https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/98 (the official version)
Page: https://openlegislation.uk/finance-act-2008/schedule-2/paragraph-98
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.