C1Part 3Trading income

Annotations:
Modifications etc. (not altering text)

Chapter 5Trade profits: rules allowing deductions

Redundancy payments etc

80Application of section 79 in cases involving partnerships

1

This section deals with the application of section 79 in circumstances where—

a

there is a change in the persons carrying on a trade, and

b

the trade is carried on by persons in partnership before or after the change (or at both those times).

2

The employer is treated for the purposes of section 79 as permanently ceasing to carry on the trade unless a company carrying on the trade in partnership immediately before the change continues to carry it on in partnership after the change.