{
  "url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7AD/paragraph-12",
  "json_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7AD/paragraph-12.json",
  "legislation": "ukpga/1992/12",
  "legislation_title": "Taxation of Chargeable Gains Act 1992",
  "legislation_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992",
  "path": "schedule/7AD/paragraph/12",
  "kind": "paragraph",
  "number": "12",
  "heading": null,
  "text": "If the company—\n(a) became a member of the partnership before the beginning of the first period of account of the partnership to which this Schedule would otherwise apply, or\n(b) made its first contribution of capital to the partnership before 17th April 2002,\nit may elect that the provisions of this Schedule shall not apply to it in relation to that partnership.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 7AD inserted (24.7.2002) by Finance Act 2002 (c. 23), s. 85(2), Sch. 31"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AD/paragraph/12",
    "retrieved_at": "2026-11-14T03:34:05.925206+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."
}