[100B Section 100A(1): exceptions]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[100B  Section 100A(1): exceptions]

[(1)     Section 100A(1) does not apply if subsection (2), (3) or (4) applies.

(2)     This subsection applies if—

(a)     the company's interest in the property was acquired directly or indirectly from a connected company at an undervalue, or

(b)     the company's interest in the property derives from an interest that was so acquired.

(3)     This subsection applies if, at any time after the relevant time—

(a)     expenditure

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