CVS: general: qualifying issuing companies: liquidation and receivership
- a resolution is passed, or an order is made, for the winding up of the company (or any act is done for the same purpose),
- the company is dissolved without winding up,
the company cannot be regarded as continuing to exist for the purpose of carrying on a trade.
Similarly, if a company goes into administration or receivership, the actions of the administrator or receiver may have the same result.
Nevertheless, such a company is to be treated as continuing to exist for the purpose of carrying on a trade provided the winding up or dissolution, or the actions of the administrator or receiver, are for genuine commercial reasons, and not part of an arrangement for avoiding tax.