Part 22Miscellaneous provisions

C1Chapter 1Transfers of trade without a change of ownership

Annotations:
Modifications etc. (not altering text)

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.