Section 79A Additional payments: change in the persons carrying on the trade
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Amendments
Section 79A inserted by Corporation Tax Act 2009 section 1322 and Schedule 1 para 598 for 2009-10 and later tax years (for income tax and capital gains tax purposes), and for accounting periods ending on or after 1 April 2009 (for corporation tax purposes).
(1) This section deals with the application of section 79 in circumstances where there is a change in the persons carrying on the trade.
(2) The employer is treated for the purposes of section 79 as permanently ceasing to carry on the trade unless a person carrying on the trade immediately before the change continues to carry it on after the change.
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