Point in time view as at 07/04/2005.
There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Paragraph 549.
549(1)Amend section 263 (qualifying activities carried on in partnership) as follows.U.K.
(2)In subsection (1) for paragraph (c) substitute—
“(c)the following condition is met.”
(3)After that subsection insert—
“(1A)The condition is that—
(a)the change does not involve all of the partners permanently ceasing to carry on the qualifying activity, or
(b)the change does not result in the qualifying activity being 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.).”
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
