Article 4 Capital allowances: transfer involving part of a trade
Where BWB is carrying on a trade and, as a result of a relevant transfer—
BWB ceases to carry on that trade, and
CRT or CRT CIC begins to carry on activities of that trade as part of a trade carried on by it,
then that part of the trade carried on by CRT, or CRT CIC, is treated for the purposes of article 3 as a separate trade.
Where BWB is carrying on a trade and, as a result of a relevant transfer—
BWB ceases to carry on a part of that trade, and
CRT or CRT CIC begins to carry on activities of that part of that trade,
then BWB is treated for the purposes of article 3 and paragraph (1) as having carried on that part of its trade as a separate trade.
Where activities fall to be treated under this article as a separate trade, such apportionments of receipts, expenses, assets and liabilities are to be made for the purposes of CAA 2001 as may be just and reasonable.