{
  "url": "https://openlegislation.uk/finance-act-2013/schedule-43C/paragraph-4",
  "json_url": "https://openlegislation.uk/finance-act-2013/schedule-43C/paragraph-4.json",
  "legislation": "ukpga/2013/29",
  "legislation_title": "Finance Act 2013",
  "legislation_url": "https://openlegislation.uk/finance-act-2013",
  "path": "schedule/43C/paragraph/4",
  "kind": "paragraph",
  "number": "4",
  "heading": null,
  "text": "(1) To the extent that the tax advantage mentioned in section 212A or 212B (as the case may be) is a deferral of tax, the value of the counteracted advantage is—\n(a) 25% of the amount of the deferred tax for each year of the deferral, or\n(b) a percentage of the amount of the deferred tax, for each separate period of deferral of less than a year, equating to 25% per year,\nor, if less, 100% of the amount of the deferred tax.\n(2) This paragraph does not apply to a case to the extent that paragraph 3 applies.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 43C inserted (15.9.2016) (with effect in accordance with s. 158(15) of the amending Act) by Finance Act 2016 (c. 24), s. 158(3)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 43C para. 4(1) inserted (with effect in accordance with s. 124(2) of the amending Act) by Finance Act 2021 (c. 26), Sch. 32 para. 13(6)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2013/29/schedule/43C/paragraph/4",
    "retrieved_at": "2026-10-29T09:08:06.076240+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}