England and Wales · Insolvency
Undervalue transaction relevant-time lookback. Which source period and facts apply?
Ordinary relevant-time lookback of two years ending with the statutory onset, plus specified intervening application/notice periods. Assess whether the transaction and source conditions fall within section 238 and 240. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
- Period
- Ordinary relevant-time lookback of two years ending with the statutory onset, plus specified intervening application/notice periods
- Trigger
- Applicable statutory onset of insolvency and actual transaction date
- Rule
- Insolvency Act 1986 section 240
Insolvency Act 1986 section 240. Official primary XML acquired October 9, 2026. The publisher records revision September 29, 2026. The retained XML includes amendment, alternative-text and outstanding-effect annotations. This review establishes the identified source branch and does not certify every historic or uncommenced branch.
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Check the applicable procedure
Insolvency Act 1986 section 240. Ordinary relevant-time lookback of two years ending with the statutory onset, plus specified intervening application/notice periods. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes. This page requires the actual source branch and completion facts; it currently offers source guidance without an unqualified computed or paid result.
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Undervalue transaction relevant-time lookback. Which source period and facts apply?
Ordinary relevant-time lookback of two years ending with the statutory onset, plus specified intervening application/notice periods. Assess whether the transaction and source conditions fall within section 238 and 240. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
Responsible actor. Administrator or liquidator considering an undervalue application.
Applicable statutory onset of insolvency and actual transaction date
The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
Administrator or liquidator considering an undervalue application. Assess whether the transaction and source conditions fall within section 238 and 240. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
Insolvency Act 1986 section 240How does this provision count time?
- Ordinary relevant-time lookback of two years ending with the statutory onset, plus specified intervening application/notice periods
- Assess whether the transaction and source conditions fall within section 238 and 240
- The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
Ordinary relevant-time lookback of two years ending with the statutory onset, plus specified intervening application/notice periods. This is a test of the actual transaction or charge date against applicable statutory onset of insolvency and actual transaction date. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes. It does not establish a deadline for completing the office-holder’s court application.
Assess whether the transaction and source conditions fall within section 238 and 240. A court office closure does not turn this statutory transaction-relevance interval into an application filing period. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes. Keep later court filing requirements and the original transaction date separate.
Insolvency Act 1986 section 240Which facts prevent one automatic date?
Insolvency Act 1986 section 240. Ordinary relevant-time lookback of two years ending with the statutory onset, plus specified intervening application/notice periods. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes. This page requires the actual source branch and completion facts; it currently offers source guidance without an unqualified computed or paid result.
Applicable statutory onset of insolvency and actual transaction date. The responsible actor is administrator or liquidator considering an undervalue application. Ordinary relevant-time lookback of two years ending with the statutory onset, plus specified intervening application/notice periods. Assess whether the transaction and source conditions fall within section 238 and 240. Apply this source branch only after its stated prerequisites are established. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
The actual calendar includes a bank holiday or court closure while administrator or liquidator considering an undervalue application considers undervalue transaction relevant-time lookback. Assess whether the transaction and source conditions fall within section 238 and 240. A court office closure does not turn this statutory transaction-relevance interval into an application filing period. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes. Keep later court filing requirements and the original transaction date separate. Keep the applicable source period and the actual completion or status question separate. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes. Administrator or liquidator considering an undervalue application. Assess whether the transaction and source conditions fall within section 238 and 240. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
Which conditions and exceptions apply?
- Actual actor and event
- Administrator or liquidator considering an undervalue application. Applicable statutory onset of insolvency and actual transaction date.
- Actual required act and material branch
- Assess whether the transaction and source conditions fall within section 238 and 240. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
- Administrator or liquidator considering an undervalue application. Assess whether the transaction and source conditions fall within section 238 and 240. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
- The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
What must the responsible actor complete?
Questions about this procedure
Undervalue transaction relevant-time lookback. Which source period and facts apply?
What source period applies to undervalue transaction relevant-time lookback?
Ordinary relevant-time lookback of two years ending with the statutory onset, plus specified intervening application/notice periods. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
Insolvency Act 1986 section 240Which actual event controls undervalue transaction relevant-time lookback?
Applicable statutory onset of insolvency and actual transaction date. Administrator or liquidator considering an undervalue application must preserve this event separately from planning, dispatch or an unrelated insolvency milestone. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
Insolvency Act 1986 section 240What must the responsible actor establish for undervalue transaction relevant-time lookback?
Assess whether the transaction and source conditions fall within section 238 and 240. The lookback is a transaction-relevance test, not the office-holder’s court filing deadline. Section 240(3) selects different onset events for different administration and liquidation routes.
Insolvency Act 1986 section 238Does every transaction in the two-year window become reversible?
No. Section 238 requires an undervalue transaction and section 240(2) requires insolvency at the time or as a consequence, subject to the connected-party presumption.
Insolvency Act 1986 section 238Can the winding-up order always supply the onset date?
No. Section 240(3) distinguishes administration applications, filed notices, effective appointments and winding-up commencement. Actual procedural history controls.
Insolvency Act 1986 section 240Are transactions after an administration application excluded?
Section 240(1)(c) and(d) includes specified periods between an application or filed intention notice and the actual appointment. The ordinary two-year limb is not exhaustive.
Insolvency Act 1986 section 240Official sources and review
Provisions used (2)
| Provision | Purpose |
|---|---|
| Insolvency Act 1986 section 240 | Check the identified procedure, event, counting rule or qualification |
| Insolvency Act 1986 section 238 | Check the identified procedure, event, counting rule or qualification |