PART XIVINPUT TAX AND PARTIAL EXEMPTION
Adjustment of attributionF1107D
For the purposes of regulations 107A and 107B a person is the successor of another if he is a person to whom that other person has—
a
transferred assets of his business by a transfer of that business, or part of it, as a going concern; and
b
the transfer of the assets is one falling by virtue of an Order under section 5(3) of the Act to be treated as neither a supply of goods nor a supply of services;
and the reference in this regulation to a person’s successor includes references to the successors of his successors through any number of transfers.