If an election under CAA 2001, s. 569 is made, the transfer takes place at an amount equal to the excess of qualifying expenditure over any allowances already made to the seller and any disposal receipts already brought into account.
Successions to trade
The provisions of CAA 2001, s. 559 and CTA 2010, s. 948ff. apply for the purposes of MEAs. If there is a discontinuance with sale of assets, market value will be applied if buyer and seller are connected persons or under common control. In other cases, the sale will generally be subject to the normal rules.