Section 566 Breach of condition B in section 531 in accounting period 1

United Kingdom

(1)

Subsection (2) applies if condition B in section 531 (balance of business: assets involved in property rental business)—

(a)

is not met in relation to accounting period 1, but

(b)

is met at the beginning of the next accounting period.

(2)

The breach is to be ignored; F1...

F2(3)

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(4)

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(5)

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(6)

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Annotations

F1: Words in s. 566(2) omitted (with effect in accordance with Sch. 4 para. 32(2) of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 4 para. 29(2)
F2: S. 566(3)-(6) omitted (with effect in accordance with Sch. 4 para. 32(2) of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 4 para. 29(3)