263 Qualifying activities carried on in partnership
Capital Allowances Act 2001 (2001 c 2) | Legislation

Partnerships and successions

263  Qualifying activities carried on in partnership

(1)     This section applies if—

(a)     a qualifying activity has been set up and is at any time carried on in partnership,

(b)     there has been a change in the persons engaged in carrying on the qualifying activity, and

[(c)     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 a person carrying on the trade or property business immediately before the change continues to carry it on

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