# Finance Act 2022, Paragraph 18: Application of paragraph 17(2) to formerly non-resident companies

Extent: E+W+S+N.I.

Paragraph 17(2) does not apply to assets held by a company that was previously resident in a territory outside the United Kingdom and became UK resident within the 30 days before it became a QAHC if those assets were held immediately before it became UK resident.

---
Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/2/paragraph/18 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-2/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.