SCHEDULES
F1SCHEDULE 7ZAEntrepreneurs' relief: “trading company” and “trading group”
PART 1Meaning of “trading company” and “trading group”
1
1
This paragraph gives the meaning of “trading company” and “trading group” where used in the following provisions of Chapter 3 of Part 5 (entrepreneurs' relief)—
a
in section 169I (material disposal of business assets)—
i
paragraphs (a) and (b) of subsection (6) (which apply for the purposes of conditions A and B in that section), and
ii
sub-paragraphs (i) and (ii) of subsection (7A)(c) (which apply for the purposes of conditions C and D in that section), and
b
section 169J(4) (disposal of trust business assets).
2
“Trading company” and “trading group” have the same meaning as in section 165 (see section 165A), but as modified by Part 2 of this Schedule.
3
“Trading activities” (see section 165A(4) and (9)) is to be read in accordance with Part 3 of this Schedule.
Sch. 7ZA inserted (with effect in accordance with Sch. 13 para. 6(1) of the amending Act) by Finance Act 2016 (c. 24), Sch. 13 para. 5