Regulation 4

Notwithstanding section 37L(3) of the Act, for the purposes of section 37L(7) to (13) of the Act, where the date of an elected qualifying acquisition falls in a basis period of the acquiring company prior to the basis period of the acquiring company in which the elected qualifying acquisition referred to in regulation 3(a)(i) or (b)(i), or regulation 3A(2)(a)(i) or (b)(i), falls, as the case may be, the capital expenditure for the first‑mentioned elected qualifying acquisition shall be treated as being incurred in the second-mentioned basis period.