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Corporation Tax Act 2010

Section 50: Cessation of trades

203.This section sets out the circumstances under which a trade is treated as having ceased. This is necessary in order to determine the length of the period during which losses have arisen in that trade for the purposes of section 48. It is based on section 397(8), (9) and (10) of ICTA.

204.Subsection (4) sets out the rules for determining whether certain individuals or companies are to be treated as the same person for the purposes of determining if subsection (1) applies.

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