Section YC 14 — Income Tax Act 2007: Disregarding concessionary rules

YC 14 Disregarding concessionary rules When this section applies (1) As the provisions of sections YC 10 to YC 13 are intended to have concessionary effect, subsection (2) applies if— (a) at a time, for a company and a continuity provision, the requirements of the provision are not met; but (b) the requirements would have been met but for the application to a particular extent of sections YC 10 to YC 13 . Requirements of continuity provision treated as met (2) The requirements of the continuity provision are treated as met at the time. Defined in this Act: company , continuity provision , Compare: 2004 No 35 s OD 5(7)