Related Commentary  

5(1)  P “starts” a new business when P begins to carry on a new business.

5(2)  A business is not a “new” business if–

(a)P has, at any time during the period of 6 months ending with the time when P begins to carry it on, carried on another business consisting of the activities of which the business consists (or most of them), or

(b)P carries it on as a result of a transfer (within the meaning of subsection (3)).

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