sch.23-sec.5ASmall businesses in development

### sch.23-sec.5A Small businesses in development This section applies if— an individual is developing an enterprise to become a small business under section 5 ; and in the authority’s opinion, the enterprise will be developed into a small business under section 5 that will be carried on by the individual as a sole trader. The enterprise is taken to be a small business. The individual is taken to be carrying on the small business. Activities carried on for the purpose of the development are taken to be business activities. sch 23 s 5A ins 2015 SL No. 74 s 6 (sch.23-sec.5A-ssec.1) This section applies if— an individual is developing an enterprise to become a small business under section 5 ; and in the authority’s opinion, the enterprise will be developed into a small business under section 5 that will be carried on by the individual as a sole trader. (sch.23-sec.5A-ssec.2) The enterprise is taken to be a small business. (sch.23-sec.5A-ssec.3) The individual is taken to be carrying on the small business. (sch.23-sec.5A-ssec.4) Activities carried on for the purpose of the development are taken to be business activities. - (a) an individual is developing an enterprise to become a small business under section 5 ; and - (b) in the authority’s opinion, the enterprise will be developed into a small business under section 5 that will be carried on by the individual as a sole trader.