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Income Tax (Trading and Other Income) Act 2005
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541(1)Amend section 125 (other qualifying purposes) as follows.U.K.
(2)In subsection (3) for paragraph (c) substitute—
“(c)a person who acquired the plant or machinery from X as a result of a disposal on the occasion of which, or two or more disposals on the occasion of each of which—
(i)there was a change in the persons carrying on the qualifying activity which did not involve all of the persons carrying on that activity before the change permanently ceasing to carry it on, or
(ii)the qualifying activity carried on by the person making the disposal was treated as continuing under section 114(1) of ICTA (effect of partnership changes involving companies).”
(3)Omit subsection (5).
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