# Finance Act 2019, Paragraph 116


In section 547 (funds awaiting reinvestment), at the end insert—
“(6) This section also applies to proceeds held in cash by a company on a disposal of an asset so far as section 535A secures that the appropriate proportion of a gain or loss accruing on the disposal is not a chargeable gain or allowable loss.”

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Source: https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/116 (the official version)
Page: https://openlegislation.uk/finance-act-2019/schedule-1/paragraph-116
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.