Section FM 42 — Income Tax Act 2007: When company liquidated

FM 42 When company liquidated If a company is no longer part of a consolidated group because it has been liquidated,— (a) the company is not treated as leaving the consolidated group from the start of the income year of the liquidation under sections FM 39 and FM 40 : (b) part-year financial statements are not required under section FM 40(4)(b) . Defined in this Act: company , consolidated group , income year , liquidation , Compare: 2004 No 35 s FD 8(8)