{
  "url": "https://openlegislation.uk/finance-act-2018/schedule-5/paragraph-3",
  "json_url": "https://openlegislation.uk/finance-act-2018/schedule-5/paragraph-3.json",
  "legislation": "ukpga/2018/3",
  "legislation_title": "Finance Act 2018",
  "legislation_url": "https://openlegislation.uk/finance-act-2018",
  "path": "schedule/5/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "In consequence of the amendment made by paragraph 2, in each of the following provisions of ITA 2007, for “70%”, where it appears before “qualifying”, substitute “80%”—\n(a) in section 274, subsection (3)(c), (d) and (e);\n(b) in section 275 (alternative requirements for the giving of approval), subsection (3)(b);\n(c) in section 278 (conditions relating to value of investments: general), subsection (1);\n(d) in section 280 (conditions relating to qualifying holdings and eligible shares), subsection (2);\n(e) in section 280A (the 70% qualifying holdings condition: disposal of holding), in the heading and in subsection (2);\n(f) in Schedule 4 (index of defined expressions), the entry for the qualifying holdings condition.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 5 para. 3 in force at 6.4.2019 for the purposes of the amendments made by that paragraph by S.I. 2018/931, reg. 4(a)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2018/3/schedule/5/paragraph/3",
    "retrieved_at": "2026-10-29T09:05:08.491687+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."
}