268 Successions by beneficiaries
Capital Allowances Act 2001 (2001 c 2) | Legislation

268  Successions by beneficiaries

(1)     This section applies if—

(a)     a person succeeds to a qualifying activity as a beneficiary under the will or on the intestacy of a deceased person who carried on the qualifying activity,

[(b)     all of the persons carrying on the qualifying activity before the succession permanently cease to carry it on, and]

(c)     the beneficiary elects by notice to [an officer of Revenue and Customs] for this section to apply.

(2)     In relation to the succession and any previous succession occurring on or after the death

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