Section 357JI Transfers of trade without a change of ownershipF1
United Kingdom
This section applies where—
Chapter 1 of Part 22 (transfers of trade without a change of ownership) applies to the transfer of a trade, and
a loss made by the predecessor in the transferred trade is a Northern Ireland loss or a mainstream loss.
F2Sections 943A to 944C (which modify the application of Chapter 2 of Part 4) have effect as if the references in those sections to a loss made by the predecessor in the transferred trade were to the Northern Ireland loss or mainstream loss.
Annotations
Textual amendments
- F1
Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1
- F2
Words in s. 357JI(2) substituted (with effect in accordance with Sch. 10 para. 32 of the amending Act) by Finance Act 2019 (c. 1), Sch. 10 para. 27