Section HA 4 — Income Tax Act 2007: Conditions applying

HA 4 Conditions applying Becoming and continuing as qualifying company (1) The requirements of sections HA 5 to HA 9 are preconditions of, and ongoing conditions for, qualifying companies and LAQCs. For a company to become and to continue as a qualifying company, the requirements of those sections must be met. Losing status (2) Sections HA 11 and HA 12 apply in relation to a failure to maintain the requirements and avoidance arrangements. Avoidance (3) Section GB 6 (Arrangements involving qualifying companies) may apply to treat a company as not being a qualifying company. Defined in this Act: arrangement , company , LAQC, qualifying company , Compare: 2004 No 35 ss HG 7 , HG 14(d)