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).
