|
|
Restriction of relief for losses of auxiliary companies.
|
328.—This Chapter shall not have effect in relation to a loss sustained by an auxiliary company during an accounting period beginning more than five years after the date on which the company first commenced to trade; and where, after a trade has been set up or commenced by an auxiliary company, the trade, or a part of the trade, becomes carried on by any other company, the other company shall, for the purposes of this section, be deemed to have first commenced to trade on the same day as the first-mentioned company.
|
