Related Commentary  Related HMRC Manuals

97(1)  For the purposes of section 96 a person makes a “qualifying payment”  after permanently ceasing to carry on a trade if the person makes a payment wholly and exclusively for any of purposes A to D.

97(2)  A payment is made for purpose A if it is made–

(a)in remedying defective work done, goods supplied or services provided in the course of the trade, or

(b)by way of damages (whether awarded or agreed) in respect of defective work done, goods supplied or services provided in the course of the trade.

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