Housing and Regeneration Act 2008, Paragraph 4 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
4(1)This paragraph applies if as the result of a transfer scheme—E+W
(a)a transferor ceases a trade, and
(b)a transferee commences it.
(2)In connection with the computation of profits and losses for the purpose of corporation tax in respect of periods wholly or partly after the commencement of the transfer scheme—
(a)the transferee shall be treated as having always carried on the trade, and
(b)the trade shall be considered separately from any other trade of the transferee (with any necessary apportionment being made).
Commencement Information
I1Sch. 7 para. 4 in force at 8.9.2008 as it applies in relation to, or makes provision about the tax implications of, schemes under ss. 51 and 65 by S.I. 2008/2358, arts. 2(1), 3(1)
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