Related Commentary  Related Cases

5(1)  Subject to paragraph (2) below, there shall be treated as neither a supply of goods nor a supply of services the following supplies by a person of assets of his business–

(a)their supply to a person to whom he transfers his business as a going concern where–

(i)the assets are to be used by the transferee in carrying on the same kind of business, whether or not as part of any existing business, as that carried on by the transferor, and

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