Related Commentary  Related HMRC Manuals

712(1)  This section applies for the purposes of section 711(4).

712(2)  “A major change in the nature or conduct of a trade or business” includes–

(a)a major change in the type of property dealt in, or services or facilities provided, in the trade or business,

(b)a major change in customers, outlets or markets of the trade or business,

(c)a change by which the company ceases to be a trading company and becomes an investment company,

(d)a change by which the company ceases to be an investment company and becomes a trading company, and

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.