# Finance Act 2018, Paragraph 3


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%”—
(a) in section 274, subsection (3)(c), (d) and (e);
(b) in section 275 (alternative requirements for the giving of approval), subsection (3)(b);
(c) in section 278 (conditions relating to value of investments: general), subsection (1);
(d) in section 280 (conditions relating to qualifying holdings and eligible shares), subsection (2);
(e) in section 280A (the 70% qualifying holdings condition: disposal of holding), in the heading and in subsection (2);
(f) in Schedule 4 (index of defined expressions), the entry for the qualifying holdings condition.

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Source: https://www.legislation.gov.uk/ukpga/2018/3/schedule/5/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2018/schedule-5/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.