265 Successions: general
Capital Allowances Act 2001 (2001 c 2) | Legislation

265  Successions: general

(1)     This section applies if—

(a)     a person (“the successor”) succeeds to a qualifying activity which until that time was carried on by another person (“the predecessor”), and

[(b)     if the qualifying activity is a trade or property business, the condition in subsection (1A) or (1B) (whichever is appropriate) is met].

[(1A)     For income tax purposes, the condition is that no person

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