# Finance Act 2014, Section 72: Substantial shareholder exemption: oil and gas


(1) In Schedule 7AC to TCGA 1992 (exemption for disposals by companies with substantial shareholding), in paragraph 15A (effect of transfer of trading assets within a group), after sub-paragraph (2) insert—
(2A) For the purposes of sub-paragraph (2)(b) and (d), “trade” includes oil and gas exploration and appraisal.
(2) The amendment made by this section has effect in relation to disposals made on or after 1 April 2014.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/72 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-72
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.