13(1)Subject to sub-paragraph (2), section 14 does not apply to a company if—U.K.
(a)immediately before 15 March 1988 the company was non-UK resident, having ceased to be UK resident under a Treasury consent, and
(b)immediately before 1 April 2009 section 66(1) of FA 1988 did not apply to the company because of paragraph 1(1) of Schedule 7 to that Act (certain companies which ceased to be UK resident before 15 March 1988 in pursuance of a Treasury consent).
(2)If at any time a company falling within sub-paragraph (1)—
(a)ceases to carry on business,
(b)becomes UK resident, or
(c)if the Treasury consent was a general consent, ceases to be taxable in a territory outside the United Kingdom,
section 14 applies in relation to the company after that time.