Commentary

D6.714 Administrative receivership

Corporate tax
Corporate tax | Commentary

D6.714 Administrative receivership

Corporate tax | Commentary

D6.714 Administrative receivership

Administrative receivership was abolished for floating charges created on or after 15 September 2003 (with certain exceptions). The Enterprise Act 2002 seeks to provide that lenders will instead appoint administrators (D6.712, D6.713)1. Consequently administrative receivership has become of less significance.

The appointment of a receiver or a receiver and manager to a company does not of itself affect the company's corporation tax position2. Such an appointment does not, for example, bring an accounting period to an end and the company retains beneficial ownership of its assets3.

A receiver appointed under the powers conferred by the Law of Property Act

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial