Section HA 36 — Income Tax Act 2007: Period of grace following revocation of joint election

HA 36 Period of grace following revocation of joint election When this section applies (1) This section applies when a company has been a qualifying company, but an election that shareholders have made jointly has been revoked through an event described in section HA 33 . Cause of revocation (2) The company’s status as a qualifying company does not end if, within the relevant period in section HA 34(1) or HA 35(2) and (3) , an election relating to the whole of the relevant shareholding is made. Defined in this Act: company , qualifying company , shareholder , Compare: 2004 No 35 s HG 6(2)(c)