Part 2

Trading income
Chapter 5

Trade profits: rules allowing deductions

Redundancy payments etc.

Additional payments: change in the persons carrying on the trade
79A
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.
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)