[257MK Ceasing to meet trading requirement: administration or receivership]
Income Tax Act 2007 (2007 c 3) | Legislation

[257MK  Ceasing to meet trading requirement: administration or receivership]

[(1)     The social enterprise is not regarded as ceasing to meet the trading requirement merely because of anything done in consequence of the social enterprise or any of its subsidiaries being in administration or receivership, but this is subject to subsections (2) and (3).

(2)     Subsection (1) applies only if—

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