CTM36315 - Particular topics: company winding up TAAR: condition B

ITTOIA05/S396B/404A (3)

ITTOIA05/S396B/404A only applies where the company being wound up was a close company (see CTM60055 onwards) at any time in the two years immediately preceding the start of the winding up.

Example

Company A starts winding up proceedings on 1 May 2016. If it was a close company at any point during the period 2 May 2014 to 1 May 2016, section 396B/404A can apply where the other conditions are met.