Section 289 | Effect of company starting or ceasing to be within charge to corporation tax

(1)This section applies if a company starts or ceases to be within the charge to corporation tax in respect of an overseas property business.

(2)The company is treated for the purposes of this Part—

(a)as starting to carry on the business when it starts to be within the charge, or

(b)as ceasing to carry on the business when it ceases to be within the charge.