Part 22Miscellaneous provisions
C1Chapter 1Transfers of trade without a change of ownership
Effect of Chapter in relation to transfers to which it applies
944Modified application of F5section 45
F11
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F12
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3
F2If this Chapter applies to a transfer of a trade, relief under section 45 (carry forward of F3pre-1 April 2017 trade loss against subsequent trade profits) is given to the successor in relation to a loss—
a
which is made by the predecessor in the transferred trade, and
b
for which relief would have been given under that section to the predecessor had it continued to carry on that trade.
4
Subsection (3) is subject to—
a
any claim made by the predecessor under section 37 (including a case where section 42 applies), and
F4ab
any claim made by the predecessor under section 45F in reliance on subsection (2) of section 944C,
b
section 945.
Pt. 22 Ch. 1 applied (with modifications) (14.7.2022) by Energy (Oil and Gas) Profits Levy Act 2022 (c. 40), Sch. 1 para. 19 (with ss. 15(1), 16(1), 17)