Search Legislation

Income Tax (Trading and Other Income) Act 2005

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 572

 Help about opening options

Alternative versions:

Changes to legislation:

There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Paragraph 572. Help about Changes to Legislation

This section has no associated Explanatory Notes

572(1)Amend section 559 (effect of successions) as follows.U.K.

(2)In subsection (1) for paragraph (b) substitute—

(b)the following condition is met.

(3)After that subsection insert—

(1A)The condition is that—

(a)all of the persons carrying on the relevant activity before the succession permanently cease to carry it on, or

(b)the relevant activity is treated under section 18 or 362 of ITTOIA 2005 as permanently ceasing to be carried on by a company or treated as discontinued under section 337(1) of ICTA (companies beginning or ceasing to carry on trade etc.).

Back to top

Options/Help