# Finance Act 2011, Paragraph 34


(1) Relevant property, plant and equipment reserves are excluded.
(2) “ Relevant property, plant and equipment reserves ” means equity amounts representing revaluation reserves relating to the revaluation of property, plant and equipment under International Accounting Standard 16 or Financial Reporting Standard 15.
(3) “ Property, plant and equipment ” has the meaning given, for the time being, by International Accounting Standard 16.

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/19/paragraph/34 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-19/paragraph-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.