# Finance Act 2025, Paragraph 20: Post-commencement disposals by companies with substantial shareholding

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

(1) Paragraph 3 of Schedule 7AC to TCGA 1992 (exemptions for disposals by companies with substantial shareholding: main conditions previously met) has effect in relation to a disposal made on or after 1 April 2025 in accordance with sub-paragraph (2).
(2) In determining whether the condition in sub-paragraph (2)(d) of that paragraph of that Schedule is met, sections 241 and 241A of TCGA 1992 (commercial letting of furnished holiday accommodation to be treated as a trade) are to be disregarded.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/5/paragraph/20 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-5/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.