Commentary on Sections Overview Overview Section 292: Ceasing to meet requirements because of administration or receivership
883.This section provides a disregard from sections 290(1) and 291(1) where a company is in administration or receivership and there is no tax avoidance purpose. It is based on paragraph 11A(1) and (3) of Schedule 28B to ICTA.
884.The meanings of “in administration” and “in receivership” are provided by section 331.