Commentary on Sections Overview Overview Section 182: Ceasing to meet trading requirement because of administration or receivership
608.This section provides an exception to section 181 in the cases specified. It is based on section 293(4A) to (6) and (8A) of ICTA.
609.The cases specified relate to administration or receivership carried out for commercial reasons and which do not have tax avoidance as a main purpose.
610.The meanings of “in administration” and “in receivership” are provided by section 252.