Search Legislation

Aggregates Tax and Devolved Taxes Administration (Scotland) Act 2024

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Status:

This is the original version (as it was originally enacted).

35Transfer of business as a going concern
This section has no associated Explanatory Notes

(1)The Scottish Ministers may by regulations make provision for securing continuity in the application of this Part in cases where a business carried on by a person is transferred to another person as a going concern.

(2)Regulations under subsection (1) may include provision—

(a)requiring the transferor to inform Revenue Scotland of the transfer,

(b)providing for liabilities and duties under this Part of the transferor to become, to such extent as may be provided in the regulations, liabilities and duties of the transferee,

(c)providing for any right of either of them to repayment or credit in respect of tax to be satisfied by making a repayment or allowing a credit to the other,

(d)providing that no such provision as is mentioned in paragraph (b) or (c) is to have effect in relation to any transferor and transferee unless an application to that effect has been made by them under the regulations.

Back to top

Options/Help