SCHEDULE 13 Entrepreneurs' Relief: “Trading Company” and “Trading Group”
Finance Act 2016 (2016 c 24) | Legislation

SCHEDULE 13 Entrepreneurs' Relief: “Trading Company” and “Trading Group”

Section 86

1

TCGA 1992 is amended as follows.

2

In section 169H(7) (introduction), for “Section 169S contains” substitute “Sections 169S and 169SA contain”.

3

In section 169S (interpretation of Chapter), subsection (4A) is treated as never having had effect, and is omitted accordingly.

4

After section 169S insert—

“169SA Meaning of “trading company” and “trading group”

Schedule 7ZA gives the meaning in this Chapter of “trading company” and “trading group”.”

5

After Schedule 7 insert—

“SCHEDULE 7ZA
Entrepreneurs' Relief: “Trading Company” and “Trading Group”
Section 169SA
Part 1
Meaning of “Trading Company” and “Trading Group”
1

(1)     This paragraph gives the meaning of “trading company” and “trading group” where used in the following provisions of Chapter 3 of Part 5 (entrepreneurs' relief)—

(a)     in section 169I (material disposal of business assets)—

(i)     paragraphs (a) and (b) of subsection (6) (which apply for the purposes of conditions A and B in that section), and

(ii)     sub-paragraphs (i) and (ii) of subsection (7A)(c) (which apply for the purposes of conditions C and D in that section), and

(b)     section 169J(4) (disposal of trust business

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