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). 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 position. Such an appointment does not, for example, bring an accounting period to an end and the company retains beneficial ownership of its assets1.
Although beneficial ownership of assets is retained, for the purposes of group relief between a company in administrative receivership and its sister or parent companies, consideration
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