# Finance Act 2012, Paragraph 42


(1) Subject to what follows, the amendments made by paragraphs 32 to 41 above have effect in relation to arrangements whenever made.
(2) In relation to arrangements made before 21 March 2012, an amount is by virtue of the amendments—
(a) to be charged to tax, or
(b) to be brought into account in calculating any income for tax purposes or deducted from any income for tax purposes,
only if the amount arises on or after 21 March 2012.
(3) The amendments have no effect for the purposes of section 196J(4) of FA 2004 inserted by paragraph 1 above.
(4) The amendments have no effect for the purposes of section 196C(2)(b), 196E(2)(b) or 196G(2)(b) of FA 2004 inserted by paragraph 15 above if the asset-backed arrangement is made before 21 March 2012.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/13/paragraph/42 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-13/paragraph-42
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.