F1PART 5BTax relief for social investments
CHAPTER 9Miscellaneous and supplementary provisions
257TBMeaning of a company being “in administration” or “in receivership”
1
References in this Part to a company being “in administration” or “in receivership” are to be read as follows.
2
A company is “in administration” if—
a
it is in administration within the meaning of Schedule B1 to the Insolvency Act 1986 or Schedule B1 to the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)), or
b
there is in force in relation to it under the law of a country or territory outside the United Kingdom any appointment corresponding to an appointment of an administrator under either of those Schedules.
3
A company is “in receivership” if there is in force in relation to it—
a
an order for the appointment of an administrative receiver, a receiver and manager or a receiver under Chapter 1 or 2 of Part 3 of the Insolvency Act 1986 or Part 4 of the Insolvency (Northern Ireland) Order 1989, or
b
any corresponding order under the law of a country or territory outside the United Kingdom.
Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1