Part 14Change in company ownership
Chapter 1Introduction
672Overview of Part
(1)
Chapter 2 restricts relief for trading losses in some cases where there is a change in the ownership of a company.
(2)
Chapters 3 and 4 restrict relief in some cases where there is a change in the ownership of a company with investment business.
(3)
Chapter 5 restricts relief for property losses in some cases where there is a change in the ownership of a company without investment business.
F1(3A)
Chapter 5A restricts relief for certain non-trading deficits and losses where there is a change of ownership of a shell company.
(4)
Chapter 6 enables unpaid corporation tax to be recovered from a linked person in some cases where there is a change in the ownership of a company.
(5)
Chapter 8 contains supplementary provision.
(6)
See also Chapter 7 of Part 22 (recovery of unpaid corporation tax due from non-UK resident company).
(7)
For the meaning of—
(a)
“change in the ownership of a company”, see Chapter 7,
(b)
“company with investment business”, see section 729, F2...
F3(ba)
shell company”, see section 705A, and
(c)
“linked” person, see section 706.