Section YC 16 — Income Tax Act 2007: Disregarding market value changes

YC 16 Disregarding market value changes When this section applies (1) This section applies if— (a) for a company at a time, the requirements of a continuity provision are not met; and (b) the requirements would have been met but for a change in the market value interest of 1 or more persons; and (c) the change is solely attributable to— (i) a change in the market value of the tangible and intangible assets of the company: (ii) a change in the market value of any 1 or more shares in the company that is not attributable to any change in the terms of those shares: (iii) a combination of those factors. Requirements of continuity provision treated as met (2) The requirements of the continuity provision are treated as met at the time. Defined in this Act: company , continuity provision , market value , market value interest , share , Compare: 2004 No 35 s OD 5(9)