[F1Transfers of trade without a change of ownership: Chapter 1 of Part 22U.K.
Textual Amendments
F1Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1
357JITransfers of trade without a change of ownershipU.K.
(1)This section applies where—
(a)Chapter 1 of Part 22 (transfers of trade without a change of ownership) applies to the transfer of a trade, and
(b)a loss made by the predecessor in the transferred trade is a Northern Ireland loss or a mainstream loss.
(2)[F2Sections 943A to 944C (which modify the application of Chapter 2 of Part 4) have effect as if the references in those sections] to a loss made by the predecessor in the transferred trade were to the Northern Ireland loss or mainstream loss.]
Textual Amendments
F2Words in s. 357JI(2) substituted (with effect in accordance with Sch. 10 para. 32 of the amending Act) by Finance Act 2019 (c. 1), Sch. 10 para. 27