CTM41330 - Particular bodies: unincorporated associations: transfers of trade

As an unincorporated association is not a legal entity, its trade belongs to its members (jointly).

Therefore where a trade is transferred to or from an unincorporated association, losses and capital allowances arising up to the date of the transfer can be carried forward to the new entity under ICTA88/S343 (see CTM06000 onwards) providing that the 75% test of common ownership is met (i.e. 75% of the members of the unincorporated association are the same as 75% of the shareholders of the company).