OpenLegislation

Paragraph 8

Original text. Later amendments are not shown.

Assets which were used wholly or mainly for a trade, profession or vocation that the person has ceased to carry on within the past 6 months if—

(a)

the person is taking reasonable steps to dispose of those assets; or

(b)

the person ceased to be engaged in carrying on the trade, profession or vocation because of incapacity and can reasonably expect to be reengaged on recovery.