Income Tax (Trading and Other Income) Act 2005 (c. 5)

Part 2 U.K. Trading income

Chapter 5 U.K. Trade profits: rules allowing deductions

Redundancy payments etc. U.K.

[F1 79A Additional payments: change in the persons carrying on the trade U.K.

(1) This section deals with the application of section 79 in circumstances where there is a change in the persons carrying on the trade.

(2) The employer is treated for the purposes of section 79 as permanently ceasing to carry on the trade unless a person carrying on the trade immediately before the change continues to carry it on after the change.]

Textual Amendments

F1 S. 79A inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 598 (with Sch. 2 Pts. 1, 2)