Part 4

Property income
Chapter 10

Supplementary

Other supplementary provisions

Effect of company starting or ceasing to be within charge to corporation tax
289
1
This section applies if a company starts or ceases to be within the charge to corporation tax in respect of an overseas property business.
2
The company is treated for the purposes of this Part—
a
as starting to carry on the business when it starts to be within the charge, or
b
as ceasing to carry on the business when it ceases to be within the charge.
Words in s. 289(1) substituted (6.4.2020) by Finance Act 2019 (c. 1), Sch. 5 paras. 14, 35 (with Sch. 5 para. 36)