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of <h1>Amendment removed Section 108 exemption for companies previously shielded from Section 104 savings on share ownership</h1> Section 108 was omitted by amendment effective 1 April 1988; prior to omission it exempted companies in which the public were substantially interested and wholly owned subsidiaries of such companies from application of section 104 concerning savings for companies. The provision formerly prevented section 104 from applying to publicly substantial companies and their subsidiaries whose entire share capital had been held by the parent or its nominees throughout the previous year, but was removed by subsequent finance legislation.
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