Section 1179BA Duration of separate tradeF1

When the qualifying company is treated as beginning to carry on the separate production trade is determined by—

If the result is that the separate production trade is treated as having been carried on in an accounting period before the opt-in period, any relevant company tax return must be amended so as to give effect to that treatment in that earlier accounting period.

Once a company has made an election under section 1179B(1), the activities of the company in relation to the production are to continue to be treated as a separate trade in accordance with this Chapter even if—

That is the case even if the production ceases to be regarded as a qualifying production in the opt-in period as a result of events after the end of that period.

In the following provisions of this Chapter, “qualifying production” and “qualifying company” are accordingly capable of including productions or companies that used to be so.