266 Election where predecessor and successor are connected persons
Capital Allowances Act 2001 (2001 c 2) | Legislation

266  Election where predecessor and successor are connected persons

(1)     This section applies if a person (“the successor”) succeeds to a qualifying activity which was until that time carried on by another person (“the predecessor”) and—

(a)     the two persons are connected with each other,

(b)     each of them is within the charge to tax on the profits of the qualifying activity, and

(c)     the successor is not a dual resident investing company.

(2)     If this section applies, the predecessor and the successor

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